Updated Oct 29, 2024
Calkain Cos. Arranges $6.1M Sale Of Wawa-Leased Property In West Palm Beach
1771 S Congress Ave, West Palm Beac...
$6,100,000
Building Size
—
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
The retail property at 1771 S. Congress Ave in West Palm Beach has been sold for $6.1 million. The property is currently leased to Wawa and features a 20-year ground lease. The deal was facilitated by Patrick Nutt and Scott Campbell of Calkain Cos., representing the undisclosed seller in the transaction. This sale marks Nutt's 23rd Wawa transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,100,000.00
- Market: North Wales
- Seller's Representative: Patrick Nutt (SRS Real Estate Partners), Scott Campbell (SRS Real Estate Partners)
- Buyer: FCA
The buyer of the retail property located in West Palm Beach was not disclosed, while Calkain Cos. successfully arranged the $6.1 million sale. The property is a newly constructed convenience store that is leased to Wawa. The seller in the transaction was also not disclosed, with Patrick Nutt and Scott Campbell serving as the seller's representatives in this deal.
Players
North Wales CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Browse North Wales sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93