Midtown Capital Partners Acquires Development Site In Tamarac For $7.405M With JLL Brokers
7951 West Commercial Boulevard
$7,405,000
$56/SF
Building Size
131,201 SF
Asset Type
Development Site
Closing
Feb 13, 2026
AI
The property asset involved in the transaction is a development site located at 7951 West Commercial Boulevard in the Tamarac market. The sale price for this asset was $7,405,000, and it encompasses a total square footage of 131,201, resulting in a price per square foot of $56.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,405,000
- Address: 7951 West Commercial Boulevard
- Market: Tamarac
- Square Footage: 131,201
- Price per Square Foot: $56
- Buyer: Midtown Capital Partners
- Broker Representatives: Simon Banke, Maurice Habif, Danielle Fernandez, James Todd & Ben Banzhof - JLL
The transaction was facilitated by several broker representatives from JLL, namely Simon Banke, Maurice Habif, Danielle Fernandez, James Todd, and Ben Banzhof, who played a significant role in connecting Midtown Capital Partners with the development site acquisition.
Players
Tamarac Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93