City Of Tamarac Acquires 3.07-Acre Mixed-Use Site For $2.657M From Raquel And Jonathan Rothman
3650 West Commercial Boulevard
$2,657,000
$19/SF
Building Size
133,932 SF
Asset Type
Land
Closing
May 20, 2025
AI
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.
Players
Fort Lauderdale Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.97%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93