MMG Equity Partners Acquires Retail Property In Plantation For $12M
1723 North University Drive, Plantation, FL, USA
$12,000,000
$182/SF
Building Size
65,796 SF
Asset Type
Retail
Closing
May 24, 2020
AI
The retail property located at 1723-1797 N University Drive in Plantation has been sold for a price of $12,000,000. The property spans across 65,796 square feet and has a price per square foot of $182. The sale took place on May 24, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $12,000,000
- Address: 1723-1797 N University Drive, Plantation
- Market: Plantation
- Buyer: MMG Equity Partners - Marcos Puente
- Seller: Marvin Feinstein
- Square Footage: 65,796
- Price per Square Foot: $182
The buyer of the property is MMG Equity Partners and Marcos Puente, representing the buyer, facilitated the transaction. The seller of the property is Marvin Feinstein. The deal was completed on May 24, 2021, with Marcos Puente as the buyer's representative. The transaction involved a retail asset in the Plantation market.
Players
Plantation 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93