Dr. Chandy Samuel Acquires Retail Property In Cooper City For $5.45M
11050 Griffin Rd
$5,450,000
$584/SF
Building Size
9,328 SF
Asset Type
Retail
Closing
Apr 17, 2023
AI
The retail property located at 11050 Griffin Rd in Cooper City has been sold in a closed transaction. The property spans a total of 9,328 square feet and was sold for a price of $5,450,000, resulting in a price per square foot of $584.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $5,450,000
- Square footage: 9,328
- Price per square foot: $584
- Address: 11050 Griffin Rd, Cooper City
- Market: Cooper City
The buyer of the property is Dr. Chandy Samuel, and the seller is Robert Lucas. The brokers representing both parties in the deal are Corey Kingsbury and Charles Moody from Horvath & Tremblay.
Players
Market 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
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93