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6828-6896 West Atlantic Bou...

Todd Nepola Of Current Capital Group Represents Buyer Todd Nepola In Retail Sale For $3.8M
SOLDRetail

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.

Players

Todd Nepola

Current Capital Group

Broker

$149.5M

vol

12 deals

Broker

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