Azora Exan Acquires Retail Property In Plantation For $22.3M
12130 West Sunrise Boulevard, Plantation, Florida 33323, United States
$22,281,000
$316/SF
Building Size
70,369 SF
Asset Type
Retail
Closing
Aug 29, 2022
AI
Plantation Crossings LLC has sold a retail property located at 12130-12220 W Sunrise Blvd in Plantation. The property spans approximately 7.39 acres and was purchased by Azora Exan with representation from Tomas Von Hartz.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,281,000
- Address: 12130-12220 W Sunrise Blvd, Plantation
- Market: Plantation
- Acres: 7.39
The deal was facilitated by brokers Kirk D. Olson, Drew A. Kristol, and Barry Wolfe of Institutional Property Advisors - Marcus & Millichap.
The property spans a total of 70,369 square feet, resulting in a price per square foot of $317.
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