John Nassif Sells Retail Property At 5601-5619 S Dixie Hwy West Palm Beach For $2.6M
SOLD
$2,600,000
Florida
See Similar DealsRetail6,030 SF
Sold 12/24/2025
SOLD
John Nassif Sells Retail Property At 5601-5619 S Dixie Hwy West Palm Beach For $2.6M
East Atlantic Boulevard
See Similar DealsRetail6,030 SF
Sold 12/24/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$431
Total Square Footage:6,030 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 5601-5619 S Dixie Hwy in West Palm Beach. It was sold for a total of $2,600,000, encompassing a total square footage of 6,030. The price per square foot for this transaction was calculated at $431.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Square Footage: 6,030
- Address: 5601-5619 S Dixie Hwy
- Market: West Palm Beach
The seller of the property is John Nassif. The transaction was facilitated by brokers Grant Steinberg and Rob Goldberg from Matthews, who represented the involved parties throughout the deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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