James Batmasian Acquires Retail Property In Deerfield Beach For $17 Million
1101 South Military Trail, Deerfield Beach, Florida 33442, United States
$17,000,000
$219/SF
Building Size
77,365 SF
Asset Type
Retail
Closing
Aug 28, 2022
About this deal
AI
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.
On the Map
$17,000,000
$219/SF
Retail
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Players
Deerfield Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93