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West Coast 7-Elevens LLC Purchases Retail Properties From Petrakis Properties For $1.52M

Property Image
SOLD
$1,520,000
Adam Silber
Dylan Silber

Michigan

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Retail10,840 SF
Sold 03/31/2025
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Property Image
SOLD

West Coast 7-Elevens LLC Purchases Retail Properties From Petrakis Properties For $1.52M

900 Cass Avenue & 3543 Old Kawkawlin Road

See Similar Deals
Retail10,840 SF
Sold 03/31/2025
Adam Silber
Dylan Silber
the dealplayerscompscontact
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Summary

MICHIGAN
Asset Type:Retail
Price Per Square Foot:$140
Total Square Footage:10,840 SF
Transaction Type:Sale

The transaction involved a retail asset located at 900 Cass Avenue & 3543 Old Kawkawlin Road in Bay City, MI. This property encompasses 1.49 acres with a total square footage of 5,420. The sale price for the property amounted to $1,520,000, translating to a price per square foot of $280.

Summary of transaction details:

Petrakis Properties executed the sale of two Michigan retail properties that are leased to 7-Eleven. Dylan Silber represented the buyer, West Coast 7-Elevens LLC, while Adam Silber represented the seller in this transaction.

Players

Adam Silber
Silber Investment Properties
Adam Silber
7 deals$36.9M volume
BROKER
Dylan Silber
Silber Investment Properties
Dylan Silber
2 deals$5.1M volume(631) 478-3382
BROKER

Details

SOLD
IMAGE: 03/31/2025 ADDRESS: 900 Cass Avenue & 3543 Old Kawkawlin Road MARKET: Bay City, MI ASSET TYPE: Retail ~ ACRES: 1.49 BUYER: West Coast 7-Elevens LLC SELLER: Petrakis Properties BROKERS: Adam Silber & Dylan Silber - Silber Investment Properties SALE PRICE: $1,520,000 SF: 5,420 ~ PPSF: $280 NOTE: Petrakis Properties sold two Michigan retail properties leased to 7-Eleven for $1.52 million at a 6.25% cap rate. Dylan Silber of Silber Investment Properties represented the buyer, West Coast 7-Elevens LLC, while Adam Silber represented the seller

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$81,066.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,400.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,205.58
Annual Debt Service$86,466.91