Syed Balkhi Acquires Retail Property On Donald Ross Road For $9.34M From Joel Prince
4860 Donald Ross Road
$9,341,654
$363/SF
Building Size
25,708 SF
Asset Type
Retail
Closing
Mar 26, 2026
AI
This retail property located at 4860 Donald Ross Road in Palm Beach Gardens has a sale price of $9,341,654. The asset spans a total square footage of 25,708, culminating in a price per square foot of $363.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $9,341,654
- Buyer: Syed Balkhi
- Seller: Joel Prince
- Brokers: Ronnie Issenberg & Gabriel Britti - Marcus & Millichap
Ronnie Issenberg and Gabriel Britti represented the seller, Joel Prince, in this transaction. The brokerage involved in facilitating this sale is Marcus & Millichap, which specializes in commercial real estate transactions.
Players
Palm Beach Gardens 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
1.70%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93