Dr. Chandy Samuel's Gentle Teeth Holdings Acquires Medical Office/Retail Building In Cooper City For $4.6M
SOLD
$4,653,000
Florida
See Similar Deals12,015 SF
Sold 03/24/2022
SOLD
Dr. Chandy Samuel's Gentle Teeth Holdings Acquires Medical Office/Retail Building In Cooper City For $4.6M
5900 N Hiatus Rd, Cooper City, FL 33330
See Similar Deals12,015 SF
Sold 03/24/2022
Summary
FLORIDA
Price Per Square Foot:$387
Total Square Footage:12,015 SF
Transaction Type:Sale
The medical office/retail property located at 5900 Hiatus Rd in Cooper City has been sold for a price of $4,653,000. The property spans over 12,015 square feet, resulting in a price per square foot of $387. The sale transaction took place on 03/24/2022. The property was purchased by Dr. Chandy Samuel of Gentle Teeth Holdings. The seller of the property was Danny Scarfone and Dr. David Napoli of DAB Real Estate Holdings. The sale was facilitated by Ryan Shaw and Quinn Sousa, brokers from Marcus & Millichap.
Summary of transaction details
- Property Type: Medical Office/Retail
- Transaction Amount: $4,653,000
- Square Footage: 12,015
- Price per Square Foot: $387
- Address: 5900 Hiatus Rd, Cooper City
- Market: Cooper City
The buyer, Dr. Chandy Samuel, represents Gentle Teeth Holdings, while the sellers, Danny Scarfone and Dr. David Napoli, represent DAB Real Estate Holdings. Ryan Shaw and Quinn Sousa from Marcus & Millichap acted as the brokers in this sale transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$248,160.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,531.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,057.59
Annual Debt Service$264,691.13
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