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
$4,653,000
$387/SF
Building Size
12,015 SF
Asset Type
—
Closing
Mar 23, 2022
AI
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.
Players
Hollywood CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93