Andres Simon Hites Moscovich & Jaime Max Hites Weber Acquire Retail Property In Fort Lauderdale For $22.3M
12110 West Sunrise Boulevard, Sunrise, Florida 33323, United States
$22,281,000
$309/SF
Building Size
72,068 SF
Asset Type
Retail
Closing
Aug 31, 2022
About this deal
AI
The retail property located at 12110 W Sunrise Blvd in Fort Lauderdale, FL was recently sold in a transaction on 09/01/2022. The property spans across 72,068 square feet and was sold for a price of $22,281,000, resulting in a price per square foot of $309. The seller of the property was Beth Azor, while the buyer was a partnership consisting of Andres Simon Hites Moscovich and Jaime Max Hites Weber.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $22,281,000
- Address: 12110 W Sunrise Blvd, Fort Lauderdale, FL
- Square Footage: 72,068
- Price per Square Foot: $309
- Seller: Beth Azor
- Buyer: Andres Simon Hites Moscovich & Jaime Max Hites Weber
The sale of this retail property exemplifies the thriving real estate market in Fort Lauderdale, FL. The partnership of Andres Simon Hites Moscovich and Jaime Max Hites Weber successfully acquired the property from seller Beth Azor. This transaction indicates the confidence of investors in the retail sector in this desirable location.
Players
Sunrise 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93