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
$1,600,000
$768/SF
Building Size
2,083 SF
Asset Type
Retail
Closing
Mar 3, 2022
About this deal
AI
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.
On the Map
$1,600,000
$768/SF
Retail
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Players
Panama City 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93