Amr Alian Acquires Retail Property In Dania Beach For $3.4M
SOLD
$3,400,000
Florida
See Similar DealsRetail91,476 SF
Sold 03/03/2022
SOLD
Amr Alian Acquires Retail Property In Dania Beach For $3.4M
1104 Federal Highway, Dania Beach, Florida 33004, United States
See Similar DealsRetail91,476 SF
Sold 03/03/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$37
Total Square Footage:91,476 SF
Transaction Type:Sale
The property involved in this closed transaction is a retail asset located at 1104 & 2105 S Federal Highway in Dania Beach. The transaction took place on 03/03/2022. The market in which the property is situated is Dania Beach. The property spans a total of 91,476 square feet, with a price per square foot of $37.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,400,000
- Buyer: Amr Alian - Miami Vice Properties
- Seller: Israel Vidal
- Broker: Michael Maakar - InterConnect Realty LLC
The buyer of the property is Amr Alian, represented by Miami Vice Properties. The seller is Israel Vidal. The broker involved in the transaction is Michael Maakar from InterConnect Realty LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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