Eddie Surkin & Alicia Surkin Acquire Retail Property In Panama City Beach For $1.6M
SOLD
$1,600,000
+ 3
Florida
See Similar DealsRetail2,083 SF
Sold 03/04/2022
SOLD
Eddie Surkin & Alicia Surkin Acquire Retail Property In Panama City Beach For $1.6M
7905 Front Beach Road, Panama City Beach, Florida 32407, United States
See Similar DealsRetail2,083 SF
Sold 03/04/2022
+ 3
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$768
Total Square Footage:2,083 SF
Transaction Type:Sale
7905 Front Beach Rd., located in Panama City Beach, FL, has recently been sold in a retail transaction. The property spans 2,083 square feet and was sold for a total price of $1,600,000, equating to a price per square foot of $768.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,600,000
- Address: 7905 Front Beach Rd.
- Market: Panama City Beach, FL
- Buyer: Eddie Surkin & Alicia Surkin
- Brokers: Rick Ramirez, Eric Mandell, Chris Kim & Luc Hawkshaw - Ally Commercial Real Estate
- Square Footage: 2,083
- Price per Square Foot: $768
The retail transaction was facilitated by the brokers Rick Ramirez, Eric Mandell, Chris Kim, and Luc Hawkshaw from Ally Commercial Real Estate. They represented the buyer, Eddie Surkin, and Alicia Surkin, in this deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
Is there something missing? Send suggestions