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
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