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Gary Broidis Of Atlantic Commercial Group Brokers Sale Of Barclay Square Retail Center For $11.25M
SOLD
$11,250,000
Florida
See Similar DealsRetail78,000 SF
Sold 06/03/2025
SOLD
Gary Broidis Of Atlantic Commercial Group Brokers Sale Of Barclay Square Retail Center For $11.25M
Retail78,000 SF
Sold 06/03/2025
Summary
Asset Type:Retail
Price Per Square Foot:$144
Total Square Footage:78,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$600,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,968.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,330.74
Annual Debt Service$639,968.87
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