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Chabad Lubavitch Acquires Health Care Property In Cooper City For $4M

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SOLD
$4,000,000

Florida

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SOLD

Chabad Lubavitch Acquires Health Care Property In Cooper City For $4M

5960 SW 106th Ave, Davie, FL 33328, USA

See Similar Deals
Other355,530 SF
Sold
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$11
Total Square Footage:355530 SF
Transaction Type:Sale

The property at 5960 S.W. 106th Ave in Cooper City has been sold in a closed transaction for $4,000,000. This health care facility spans across 35,553 square feet, resulting in a price per square foot of $112.

Summary of transaction details

  • Property Type: Health care
  • Transaction Amount: $4,000,000
  • Address: 5960 S.W. 106th Ave
  • Market: Cooper City

The buyer in this transaction is Chabad Lubavitch, while the seller is Schick Shadel of Florida LLC, which is owned by Universal Health Services. The deal was facilitated by Daniel Silver, Michael Feuerman, and Steve Hyatt from Berger Commercial Realty.

Players

Daniel Silver
4 deals$4M volume
BROKER

Michael Feuerman
Berger Realty
4 deals$4M volume
BROKER

R. Stephen (Steve) Hyatt
Berger Commercial Realty
19 deals$111.9M volume(954) 494-3091
BROKER

SELLER

Details

SOLD
IMAGE: Daniel Silver, Michael Feuerman & Steve Hyatt DATE: 06/15/2020 ADDRESS: 5960 S.W. 106th Ave MARKET: Cooper City ASSET TYPE: Health care PRICE: $4,000,000 SF: 35,553 PPSF: $112 BUYER: Chabad Lubavitch SELLER: Schick Shadel of Florida LLC (Universal Health Services) BROKERS: Daniel Silver, Michael Feuerman & Steve Hyatt – Berger Commercial Realty

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

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49