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12301 W Sunrise BLVD, Fort ...

RK Centers Acquires Mixed-Use Property In Plantation For $11.5M
SOLDMixed-use

RK Centers Acquires Mixed-Use Property In Plantation For $11.5M

12301 W Sunrise BLVD, Fort Lauderda...

$11,500,000

$196/SF

Building Size

58,400 SF

Asset Type

Mixed-use

Closing

Nov 22, 2023

AI

The property located at 12301 W Sunrise Blvd in Fort Lauderdale, within the Plantation market, was recently sold in a mixed-use transaction. The asset encompasses a total of 58,400 square feet and was acquired by RK Centers from BSB Plantation Limited Partnership for a price of $11,500,000.00.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $11,500,000.00
  • Address: 12301 W Sunrise Blvd, Fort Lauderdale
  • Market: Plantation
  • Buyer: RK Centers
  • Buyer's Rep: Roberto Susi (AXIOM Capital Advisors)
  • Seller: BSB Plantation Limited Partnership
  • SF: 58,400

The transaction was facilitated by Roberto Susi from AXIOM Capital Advisors, who represented RK Centers in the deal. The sale took place directly between the buyer and seller, with no brokers involved, and was completed as an all-cash deal.

Players

Roberto Susi

AXIOM Capital Advisors

Broker

$981.7M

vol

76 deals

Broker
RK Centers
RK CentersBrokerage
RK Centers
RK CentersBuyer

Plantation Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93