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
About this deal
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.
On the Map
$2,657,000
$19/SF
Land
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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