Published on: Friday, March 7, 2025 1:06:04 PM
Updated on: Friday, March 21, 2025 12:25:11 PM
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About the Lister
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Name: David J. Rosenthal
Company: Grimaldi Commercial Realty Corp.
Office Phone:  
Cell Phone: (813) 882-0884
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  13% cash-on-cash return! the palmetto place apartments fo...
1913 3rd Avenue East Palmetto Florida , 34221
1913 3rd Avenue East Palmetto Florida , 34221  Grimaldi Commercial Realty Corp.
Listing ID: CL-Florida-14656

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Florida-14656
Status: Accepting Offers
Year Established: 2020
Available for Sale: No
Owner Financing Available: No
Assets Or Equipment: No
Inventory Included In Price: No
Inventory Value: 0
Offered as Millionaire Club: No
Remaining Lease Years: 0
Net Operating Income: $0.00
No. of Options Available for Lease: 0
Years Available for the Lease: 0
Employee Count: 0
Training Duration: 0 Not Specified
Is Existing Franchise: No
Listing Summary
Established retail and specialty pharmacy in central Broward County surrounded by many medical offices, clinics and several hospitals. Currently operated by the pharmacist who is the owner plus two techs. Daytime hours Mon-Fri, closed nights and weekends. Higher than average profit margins. There is a small front end OTC area which is easy to manage. This is a word-of-mouth referral business. All third-party insurances contracts, Medicaid and Medicare are in place. Plus, specialty pharmacy contract with separate NABP and NPI numbers. The hard to obtain specialty insurance contract enables partnering with medical practices that provide care for complex conditions and limited access medications. There are no major third-party audits or board of pharmacy matters pending.
Complete Details
Year Established: 2020
Training Duration: 0 Not Specified
Existing Franchise?: No
Training Required: No
No of Options Available for lease: 0
Remaining Lease Years: 0
Property Available for Sale?: No
Owner Financing Available?: No
Real Estate Included?: No
Total Employee: 0
Years Available for Lease: 0
Inventory: Yes
Inventory Value: 0.00
Inventory Price Included in Asking Price?: No
Assets or Equipment?:
Business Description
Retail & Specialty Pharmacy. Prime location. All insurance contracts in place plus Specialty contract. No audits pending. Compounding Opportunity.
Additional Properties
Property Highlights
  • THE PALMETTO PLACE APARTMENTS FOR SALE!
  • 8-UNIT APARTMENT COMPLEX LOCATED IN HISTORIC PALMETTO, FL!
  • 100% OCCUPIED! LONG TERM TENANTS! MASSIVE UPSIDE AS THE CURRENT RENTAL RATES ARE APPROXIMATELY $300-$350 BELOW THE MARKET AVERAGE!
  • SELLER FINANCING AVAILABLE! APPROX. TERMS: $550,000 DOWN, 4.5% IR (YEAR 1), 5.5% IR (YEAR 2, 6.5 % IR (YEAR 3), INTEREST-ONLY PAYMENTS, 3-YEAR BALLON!
  • 2025 CASH-ON-CASH RETURN: 10%!
  • 2026 CAP RATE: 8.5%!
  • 2026 CASH-ON-CASH RETURN: 13%!
  • 2027 CAP RATE: 9%!
  • 2027 CASH-ON-CASH RETURN: 14%!
  • NEW COURTYARD AND LAUNDRY FACILITIES WERE ADDED IN 2O25!
  • THE ROOF WAS REPLACED IN 2020!
  • HVAC SYSTEMS WERE REPLACED IN 2019!
Additional Links
Contacts
No Additional Contacts.

Lending Opportunities

Interested in making an offer on this property or adding it to your portfolio? Our network of experienced lenders is ready to provide you with competitive loan options tailored to your needs. Whether you're an investor or a first-time buyer, securing financing is the key to turning this opportunity into reality. Don’t wait, reach out now to get pre-approved, explore your loan options, and take the next step with confidence!
Company Name Lender Type Contact Name Contact Number Actions
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Listing Address
Listing Documents
  • Download | Offering Memorandum.pdf ( 4,779.44KB)
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