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
About this deal
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.
On the Map
$11,500,000
$196/SF
Retail
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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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93