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12110 West Sunrise Boulevar...

Updated Dec 21, 2023

Andres Simon Hites Moscovich & Jaime Max Hites Weber Acquire Retail Property In Fort Lauderdale For $22.3M
SOLDRetail

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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Deal FAQ

About $309 per square foot on a published $22.3M for 72,068 square feet (2022).

Browse Florida retail sales on Traded.

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

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