Alan Cafiero & Ryan Nee Of Marcus & Millichap Sell Palm Bay Retail Property For $3.5M
748 Palm Bay Road Northeast, Palm Bay, Florida 32905, United States
$3,512,000
$1,077/SF
Building Size
3,261 SF
Asset Type
Retail
Closing
Aug 18, 2022
About this deal
AI
The retail property located at 748 Palm Bay Rd NE in Palm Bay has been sold. The transaction was facilitated by brokers Alan Cafiero and Ryan Nee from Marcus & Millichap. The sale took place on 08/19/2022.
Summary of transaction details
- Property Type: Retail
- Sale Price: $3,512,000
- Square Footage: 3,261
- Price per Square Foot: $1,077
- Address: 748 Palm Bay Rd NE, Palm Bay
Alan Cafiero and Ryan Nee from Marcus & Millichap served as the brokers for this transaction. They played a crucial role in connecting the buyer and seller in this retail property deal.
On the Map
$3,512,000
$1,077/SF
Retail
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Players
Palm Bay 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
4.52%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93