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James Batmasian Acquires Retail Property In Deerfield Beach For $17 Million

Property Image
SOLD
$17,000,000
Nick Ureta
Mallory Silva
Anthony Blanco
+ 1

Florida

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Retail77,365 SF
Sold 08/29/2022
the dealplayerscompscontact
Property Image
SOLD

James Batmasian Acquires Retail Property In Deerfield Beach For $17 Million

1101 South Military Trail, Deerfield Beach, Florida 33442, United States

See Similar Deals
Retail77,365 SF
Sold 08/29/2022
Nick Ureta
Mallory Silva
Anthony Blanco
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$219
Total Square Footage:77,365 SF
Transaction Type:Sale

1101-1149 South Military Trail in Deerfield Beach has been sold for $17,000,000. The retail property spans over 77,365 square feet, resulting in a price per square foot of $220. The sale took place on 08/29/2022, and the buyer is James Batmasian.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $17,000,000
  • Address: 1101-1149 South Military Trail
  • Market: Deerfield Beach

Savitar Realty Advisors represented by Clifford Stein acted as the seller in this transaction. The seller's representatives were Anthony Blanco, Nick Ureta, and Mallory Silva from TSCG.

Players

Anthony Blanco
TSCG (The Shopping Center Group)
Anthony Blanco
8 deals$105M volume(305) 262-8877
BROKER
Mallory Silva
TSCG (The Shopping Center Group)
Mallory Silva
6 deals$79.4M volume(305) 262-8877
BROKER
Nick Ureta
TSCG (The Shopping Center Group)
Nick Ureta
2 deals$27.4M volume
BROKER
James Batmasian
James Batmasian
15 deals$223.9M volume
BUYER

Details

SOLD
IMAGE: James Batmasian DATE: 08/29/2022 ADDRESS: 1101-1149 South Military Trail MARKET: Deerfield Beach ASSET TYPE: Retail BUYER: James Batmasian (@JamesBatmasian) SELLER: Savitar Realty Advisors - Clifford Stein SELLER'S REP: Anthony Blanco, Nick Ureta (@NickUreta), & Mallory Silva - TSCG (@TSCG) SALE PRICE: $17,000,000 SF: 77,365 ~ PPSF: $220

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

$906,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08