Sheridan Capital Provides $8.74M Bridge Loan For Retail Property In Sunrise, FL
4505 North Pine Island Road, Sunrise, Florida 33351, United States
$8,740,000
$83/SF
Building Size
104,481 SF
Asset Type
Retail
Closing
Jan 13, 2022
About this deal
AI
The retail property located at 4505 N. Pine Island Rd in Sunrise, FL has been involved in a closed transaction. The property spans approximately 104,481 square feet and is situated in a vibrant market.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $8,740,000
- Loan Type: Bridge Loan
- Lender: Sheridan Capital – Joe Fishman
- Broker: CJ Danziger
Joe Fishman, representing Sheridan Capital, provided a bridge loan of $8,740,000 for the retail property transaction. The broker involved in the deal is CJ Danziger.
On the Map
$8,740,000
$83/SF
Retail
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Players
Sunrise Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93