Michael Saba And Michael Saba Jr Acquire Retail Property From Hinda Bramnick And Phyllis Robinson For $3.95M
SOLD
$3,950,000
Florida
See Similar DealsRetail13,396 SF
Sold 12/19/2025
SOLD
Michael Saba And Michael Saba Jr Acquire Retail Property From Hinda Bramnick And Phyllis Robinson For $3.95M
708 Federal Highway
See Similar DealsRetail13,396 SF
Sold 12/19/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$294
Total Square Footage:13,396 SF
Transaction Type:Sale
The asset involved in this transaction is a retail property located at 708 Federal Highway in Deerfield Beach. The sale price for this property was $3,950,000, with a total square footage of 13,396, resulting in a price per square foot of $294.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,950,000
- Address: 708 Federal Highway
- Market: Deerfield Beach
- Square Footage: 13,396
- Price Per Square Foot: $294
- Buyer: Michael Saba & Michael Saba Jr
- Seller: Hinda Bramnick & Phyllis Robinson - Deerfield Centre
- Broker: Mark Faeth - LRM CREA
This transaction included buyers Michael Saba and Michael Saba Jr., who acquired the property from sellers Hinda Bramnick and Phyllis Robinson, representing Deerfield Centre. The deal was facilitated by broker Mark Faeth from LRM CREA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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