Edward McKenzie Sells Retail Property In Wilton Manors For $5.75 Million With CBRE Brokers
1201 Northeast 26th Street
$5,750,000
$324/SF
Building Size
17,707 SF
Asset Type
Retail
Closing
Oct 29, 2025
AI
The property asset involved in the transaction is a retail space located at 1201 Northeast 26th Street in Wilton Manors. The asset has a total square footage of 17,707 and was sold for a price of $5,750,000, equating to a price per square foot of $324.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,750,000
- Address: 1201 Northeast 26th Street
- Market: Wilton Manors
- Square Footage: 17,707
- Price Per Square Foot: $324
- Seller: Edward McKenzie
- Brokers: Benjamin Silver & Kelley Greenstein - CBRE
The transaction featured key individuals Benjamin Silver and Kelley Greenstein, who represented the seller, Edward McKenzie, through their agency CBRE, facilitating the sale process within the retail market in Wilton Manors.
Players
Wilton Manors 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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93