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Yair Gretah Purchases Retail Property At 12430 West Atlantic Boulevard From Fabian Ponce For $3.6M

Property Image
SOLD
$3,600,000
Cleveland Sainpreux
Elon Gerberg
Adam H. Klein

Florida

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Retail10,237 SF
Sold
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Property Image
SOLD

Yair Gretah Purchases Retail Property At 12430 West Atlantic Boulevard From Fabian Ponce For $3.6M

12430 West Atlantic Boulevard

See Similar Deals
Retail10,237 SF
Sold
Cleveland Sainpreux
Elon Gerberg
Adam H. Klein
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$351
Total Square Footage:10237 SF
Transaction Type:Sale

The retail property located at 12430 West Atlantic Boulevard in Coral Springs has been sold for $3,600,000. This asset spans 10,237 square feet, resulting in a price per square foot of $351. The transaction reflects a strong market demand and successful pricing strategy.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,600,000
  • Square Footage: 10,237
  • Price per Square Foot: $351
  • Buyer: Yair Gretah
  • Seller: Fabian Ponce
  • Market: Coral Springs
  • Cap Rate: 6.58%

Elon Gerberg, Adam H. Klein, and Cleveland Sainpreux of The ROI Group at SVN Commercial Partners represented both the buyer and the seller during this transaction. The property attracted multiple full-price offers and successfully closed at the asking price, indicating competitive interest in the retail sector.

Players

Adam H. Klein
Vision Real Estate Advisors
Adam H. Klein
37 deals$126.4M volume(516) 445-3070
BROKER
Elon Gerberg
Elon Gerberg
38 deals$140.8M volume(954) 299-9556
BROKER
Cleveland Sainpreux
SVN
Cleveland Sainpreux
11 deals$28.9M volume(954) 661-4170
BROKER

Details

SOLD
IMAGE: Adam H. Klein, Elon Gerberg & Cleveland Sainpreux DATE: 11/19/2024 ADDRESS: 12430 West Atlantic Boulevard MARKET: Coral Springs ASSET TYPE: Retail BUYER: Yair Gretah SELLER: Fabian Ponce BROKERS: Elon Gerberg (@EdgoFroi), Adam H. Klein (@AdamhKlein.RoiGroup) & Cleveland Sainpreux (@CSainpreux) The ROI Group (@ROIGroupofSVN) - SVN (@SVN_CommercialPartners) SALE PRICE: $3,600,000 SF: 10,237 ~ PPSF: $351 NOTE FROM BROKER: Elon Gerberg, Adam H. Klein, and Cleveland Sainpreux of The ROI Group at SVN Commercial Partners facilitated the transaction, representing both the buyer and the seller. The property sold at full asking price, receiving multiple full-price offers and closing at over $350/SF with a 6.58% cap rate. For more information, contact the ROI Group at SVN Commercial Partners: Elon Gerberg ([email protected], 561.485.1129), Adam H. Klein ([email protected], or 516.445.3070) or Cleveland Sainpreux ([email protected], 561.485.1655). Follow us for exclusive listings and commercial real estate investment sales tips - https://linktr.ee/roigroupofsvn

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

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04