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City Of Tamarac Acquires 3.07-Acre Mixed-Use Site For $2.657M From Raquel And Jonathan Rothman
SOLD
Florida
See Similar DealsLand133,932 SF
Sold
SOLD
City Of Tamarac Acquires 3.07-Acre Mixed-Use Site For $2.657M From Raquel And Jonathan Rothman
3650 West Commercial Boulevard
See Similar DealsLand133,932 SF
Sold
Summary
FLORIDA
Asset Type:Land
Price Per Square Foot:$19
Total Square Footage:133932 SF
Transaction Type:Sale
The City of Tamarac purchased a 3.07-acre land parcel located at 3650-3660 West Commercial Boulevard, situated in the Tamarac market. The transaction was completed for a total of $2,657,000, translating to approximately $19.84 per square foot, with the total square footage being 133,932.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $2,657,000
- Address: 3650-3660 West Commercial Boulevard
- Market: Tamarac
- Acres: 3.07
- Square Footage: 133,932
- Price Per Square Foot: $19.84
- Buyer: City of Tamarac
- Seller: Raquel Rothman & Jonathan Rothman
- Brokers: Bastian Schauer & Brooke Mosier - Colliers
Colliers brokers Bastian Schauer and Brooke Mosier represented the City of Tamarac in this land acquisition. There are currently no announced redevelopment plans for the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,706.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,439.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,595.54
Annual Debt Service$151,146.43
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