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1101 South Military Trail, ...

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

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

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.

Players

Anthony Blanco

TSCG (The Shopping Center Group)

Broker

$105M

vol

8 deals

Broker
James Batmasian

James Batmasian

Investments Limited

Buyer

$223.9M

vol

15 deals

Buyer

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