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Sagi & Anat Shaked Acquire Weston Office Building For $8.9M

Property Image
SOLD
$8,900,000
John Crotty
Emily Brais
+ 3

Florida

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Office27,000 SF
Sold 12/22/2020
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Property Image
SOLD

Sagi & Anat Shaked Acquire Weston Office Building For $8.9M

1040 Weston Road, Weston, FL, USA

See Similar Deals
Office27,000 SF
Sold 12/22/2020
John Crotty
Emily Brais
+ 3
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$329
Total Square Footage:27,000 SF
Transaction Type:Sale

The office property located at 1040 Weston Road in Weston was recently sold in a transaction that took place on December 22, 2020. The property spans over 27,000 square feet and is situated in the Weston market.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: $8,900,000
  • Price per Square Foot: $330
  • Address: 1040 Weston Road
  • Market: Weston

The buyers of the property were Sagi & Anat Shaked. On the other side of the deal, the sellers were Highline Real Estate Capital represented by David Moret, and Sefira Capital represented by Aby Galsky & Mijael Attias.

Avison Young played a role in facilitating the transaction, with brokers David Duckworth, John K. Crotty, Michael T. Fay, Brian C. de la Fé, Emily Brais, and Berkley Bloodworth representing the parties involved.

Players

Emily Brais
9 deals$97.1M volume(905) 474-1155
BROKER

John Crotty
Avison Young
51 deals$1.5B volume(305) 345-9567
BROKER

Michael Fay
Avison Young
49 deals$1.4B volume(305) 447-7842
BROKER

Berkley Bloodworth
Avison Young
12 deals$146.2M volume
BROKER

David Duckworth
Avison Young
44 deals$1.2B volume
BROKER

Brian de la Fé
Avison Young
46 deals$1.3B volume(305) 476-7134
BROKER

Details

SOLD
IMAGE: Sagi Shaked, David Duckworth, David Moret, Aby Galsky, & Mijael Attias DATE: 12/22/2020 ADDRESS: 1040 Weston Road MARKET: Weston ASSET TYPE: Office BUYER: Sagi & Anat Shaked SELLER: Highline Real Estate Capital - David Moret, Sefira Capita - Aby Galsky & Mijael Attias BROKERS: David Duckworth, John K. Crotty, Michael T. Fay, Brian C. de la Fé, Emily Brais & Berkley Bloodworth - Avison Young PRICE: $8,900,000 SF: 27,000 ~ PPSF: $330

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$474,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,619.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,190.54
Annual Debt Service$506,286.49