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Azora Exan Acquires Retail Property In Plantation For $22.3M

Property Image
SOLD
$22,281,000
Kirk Olson
Drew Kristol
Barry Wolfe

Florida

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Retail70,369 SF
Sold 08/30/2022
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Property Image
SOLD

Azora Exan Acquires Retail Property In Plantation For $22.3M

12130 West Sunrise Boulevard, Plantation, Florida 33323, United States

See Similar Deals
Retail70,369 SF
Sold 08/30/2022
Kirk Olson
Drew Kristol
Barry Wolfe
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$316
Total Square Footage:70,369 SF
Transaction Type:Sale

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

Barry Wolfe
Marcus & Millichap
Barry Wolfe
16 deals$118.5M volume(954) 245-3400
BROKER
Drew Kristol
Marcus & Millichap
Drew Kristol
46 deals$560.5M volume(786) 522-7065
BROKER
Kirk Olson
Marcus & Millichap
Kirk Olson
46 deals$569.8M volume(786) 522-7064
BROKER
AE
Azora Exan
BUYER

Details

SOLD
IMAGE: Barry Wolfe, Tomas Von Hartz, Drew A. Kristol & Kirk D. Olson DATE: 08/30/2022 ADDRESS: 12130-12220 W Sunrise Blvd MARKET: Plantation ASSET TYPE: Retail ~ ACRES: 7.39 BUYER: Azora Exan - Tomas Von Hartz SELLER: Plantation Crossings LLC BROKERS: Kirk D. Olson, Drew A. Kristol (@Dakristol66) & Barry Wolfe (@BarryWolfe_CRE) - Institutional Property Advisors - Marcus & Millichap (@MarcusMillichap_Fl) SALE PRICE: $22,281,000 SF: 70,369 ~ PPSF: $317

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,188,319.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$79,159.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$105,623.31
Annual Debt Service$1,267,479.69