Gary Broidis Of Atlantic Commercial Group Brokers Sale Of Barclay Square Retail Center For $11.25M
$11,250,000
$144/SF
Building Size
78,000 SF
Asset Type
Retail
Closing
Jun 3, 2025
AI
The property involved in this transaction is a retail center located at 10th Avenue North & Jog Road in Greenacres. It has a total size of 78,000 square feet and was sold for $11,250,000, translating to a price per square foot of $144. The retail center is anchored by Tapatia Supermarket and has changed ownership for the first time in over 25 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,250,000
- Square Footage: 78,000
- Address: 10th Avenue North & Jog Road
- Market: Greenacres
- Price Per Square Foot: $144
Gary Broidis of Atlantic Commercial Group represented the transaction, facilitating the sale of Barclay Square. His involvement marked a significant brokerage activity in the retail market of Greenacres.
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93