Todd Nepola Of Current Capital Group Represents Buyer Todd Nepola In Retail Sale For $3.8M
6828-6896 West Atlantic Boulevard
$3,800,000
$95/SF
Building Size
40,000 SF
Asset Type
Retail
Closing
Nov 21, 2024
AI
The retail property located at 6828-6896 West Atlantic Boulevard in Margate has been sold for $3,800,000. The asset spans 40,000 square feet, resulting in a price per square foot of $95.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,800,000
- Square Footage: 40,000
- Price per Square Foot: $95
- Buyer: Todd Nepola
- Seller: Ronald Haddad
- Broker: Todd Nepola - Current Capital Group
- Date of Transaction: 11/21/2024
Todd Nepola acted as the broker in this transaction, representing himself in the deal, while Ronald Haddad was the seller. The closing of this deal marks a significant transaction within the retail market segment.
Margate Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93