Syed Balkhi Acquires Retail Property On Donald Ross Road For $9.34M From Joel Prince
SOLD
$9,341,654
Florida
See Similar DealsRetail25,708 SF
Sold 03/27/2026
SOLD
Syed Balkhi Acquires Retail Property On Donald Ross Road For $9.34M From Joel Prince
4860 Donald Ross Road
See Similar DealsRetail25,708 SF
Sold 03/27/2026
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$363
Total Square Footage:25,708 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$498,221.56
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,188.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,284.21
Annual Debt Service$531,410.47
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