Harvest International Acquires Retail Property From Conrad Baker For $12.35M In Palm Beach County
5805 South Congress Avenue
$12,350,000
$167/SF
Building Size
73,950 SF
Asset Type
Retail
Closing
Aug 12, 2025
AI
The property involved in this transaction is a retail asset located at 5805 South Congress Avenue in Miami. The sale price for the asset was $12,350,000, with a total square footage of 73,950 and a price per square foot of $167.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,350,000
- Buyer: Harvest International
- Seller: Conrad Baker
- Broker: Jaclyn Pamela
- Acquisition Representative: Javonny Vega
- Market: Miami
Jaclyn Pamela, known for her expertise in off-market transactions, successfully managed both sides of this deal. She is a licensed broker in New York and Florida, reflecting her capability and professionalism throughout the transaction. Recognition is given to Javonny Vega for his contributions in preparing the original list of buyers and sellers, which facilitated this successful connection.
Players
Lake Worth 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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93