RK Centers Acquires Retail Property In Plantation For $11.5M
SOLD
$11,500,000
Florida
See Similar DealsRetail58,400 SF
Sold 01/05/2020
SOLD
RK Centers Acquires Retail Property In Plantation For $11.5M
12301 West Sunrise Boulevard, Plantation, FL, USA
See Similar DealsRetail58,400 SF
Sold 01/05/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$196
Total Square Footage:58,400 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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