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12301 West Sunrise Boulevar...

RK Centers Acquires Retail Property In Plantation For $11.5M
SOLDRetail

RK Centers Acquires Retail Property In Plantation For $11.5M

12301 West Sunrise Boulevard, Plantation, FL, USA

$11,500,000

$196/SF

Building Size

58,400 SF

Asset Type

Retail

Closing

Jan 4, 2020

AI

A retail property located at 12301 W. Sunrise Boulevard in Plantation has been sold for $11,500,000. The property spans approximately 58,400 square feet with a price per square foot of $197. Situated on 7.8 acres, the property's price per acre amounts to $1,474,359.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,500,000
  • Address: 12301 W. Sunrise Boulevard, Plantation
  • Market: Plantation
  • Size: 58,400 square feet
  • Price per Square Foot: $197
  • Acreage: 7.8 acres
  • Price per Acre: $1,474,359

The buyer of the property is RK Centers, represented by Andrew Zidar. The seller is BSB Plantation Limited Partnership. Roberto Susi from Axiom Capital Advisors served as the broker for the transaction.

Players

Roberto Susi

AXIOM Capital Advisors

Broker

$932.6M

vol

73 deals

Broker
RK Centers
RK CentersBrokerage
Andrew Zidar

Andrew Zidar

RK Centers

Buyer

$150.6M

vol

6 deals

Buyer

Sunrise Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93