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4535 Vestal Road

Dave Patel Acquires Retail Property At 4535 Vestal Road From Gary Latta For $685,000
SOLDRetail

Dave Patel Acquires Retail Property At 4535 Vestal Road From Gary Latta For $685,000

4535 Vestal Road

$685,000

$147/SF

Building Size

4,658 SF

Asset Type

Retail

Closing

Nov 9, 2025

AI

The retail property located at 4535 Vestal Road in the Vestal market was sold for a transaction amount of $685,000. The asset covers a total of 4,658 square feet, resulting in a price per square foot of $147.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $685,000
  • Address: 4535 Vestal Road
  • Market: Vestal
  • Square Footage: 4,658
  • Price Per Square Foot: $147
  • Buyer: Dave Patel
  • Seller: Gary Latta
  • Buyer's Representative: Benjamin Zone - Meridian Capital Group
  • Seller's Representative: Howard Hanna

The transaction involved key individuals including buyer Dave Patel, who aims to expand his portfolio in the area, and seller Gary Latta, who facilitated the sale through representation by Howard Hanna. The buyer was represented by Benjamin Zone from Meridian Capital Group, marking a significant achievement in retail property transactions within the Vestal market.

Players

Benjamin Zone

Meridian Capital Group

Broker

$15.1M

vol

9 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

Vestal 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

23.16%

Cash-on-Cash

-6.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93