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Walmart Realty Acquires Retail Asset From Michel A. Khalaf For $48 Million In Farmingdale
SOLD
$48,000,000
New York
See Similar DealsRetail220,000 SF
Sold 02/25/2026
SOLD
Walmart Realty Acquires Retail Asset From Michel A. Khalaf For $48 Million In Farmingdale
965 Broadhollow Road
See Similar DealsRetail220,000 SF
Sold 02/25/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$218
Total Square Footage:220,000 SF
Transaction Type:Sale
The retail asset located at 965 Broadhollow Road in Farmingdale, N.Y. was sold for $48 million. The building encompasses 220,000 square feet, and the price per square foot is $218.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $48,000,000
- Buyer: Walmart Realty
- Seller: Michel A. Khalaf - MetLife Real Estate Investment
- Market: Farmingdale
- Square Footage: 220,000
- Price Per Square Foot: $218
Walmart Realty has acquired the property it occupies at Republic Plaza from MetLife Real Estate Investment, aligning with its strategy to own the locations of its stores.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,560,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$170,533.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$227,544.49
Annual Debt Service$2,730,533.86
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