Calkain Cos. Arranges $6.1M Sale Of Wawa-Leased Property In West Palm Beach
SOLD
$6,100,000
Pennsylvania
See Similar DealsSOLD
Calkain Cos. Arranges $6.1M Sale Of Wawa-Leased Property In West Palm Beach
1771 S Congress Ave, West Palm Beac...
See Similar DealsSummary
PENNSYLVANIA
Transaction Type:Sale
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
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
Is there something missing? Send suggestions