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708 Federal Highway

Michael Saba And Michael Saba Jr Acquire Retail Property From Hinda Bramnick And Phyllis Robinson For $3.95M
SOLDRetail

Michael Saba And Michael Saba Jr Acquire Retail Property From Hinda Bramnick And Phyllis Robinson For $3.95M

708 Federal Highway

$3,950,000

$294/SF

Building Size

13,396 SF

Asset Type

Retail

Closing

Dec 18, 2025

AI

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.

Players

Mark Faeth

LRM CREA

Broker

$47.6M

vol

13 deals

Broker
LRM CREA
LRM CREABrokerage

Michael Saba Jr.

Buyer

$41.2M

vol

7 deals

Buyer

Deerfield Beach 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

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93