Dr. Chandy Samuel Acquires Retail Property In Cooper City For $5.45M
SOLD
$5,450,000
Florida
See Similar DealsRetail9,328 SF
Sold 04/17/2023
SOLD
Dr. Chandy Samuel Acquires Retail Property In Cooper City For $5.45M
11050 Griffin Rd
See Similar DealsRetail9,328 SF
Sold 04/17/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$584
Total Square Footage:9,328 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$290,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,362.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,835.78
Annual Debt Service$310,029.37
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