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
About this deal
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.
On the Map
$11,500,000
$196/SF
Mixed-use
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Players
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