Ripco's Stephen R. Preuss Sr. Kevin Schmitz Kevin Louie & Andreas Efthymiou Acquire Retail Asset In Plantation For $7.32M
SOLD
$7,325,000
+ 2
Florida
See Similar DealsRetail6,000 SF
Sold
SOLD
Ripco's Stephen R. Preuss Sr. Kevin Schmitz Kevin Louie & Andreas Efthymiou Acquire Retail Asset In Plantation For $7.32M
1732 North University Drive
See Similar DealsRetail6,000 SF
Sold
+ 2
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1220
Total Square Footage:6000 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 1732 North University Drive in Plantation, FL. The sale price was $7,325,000, and it encompasses 6,000 square feet, equating to a price per square foot of $1,220.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,325,000
- Address: 1732 North University Drive
- Market: Plantation, FL
- Square Footage: 6,000
- Price per Square Foot: $1,220
The transaction involved several key representatives from different agencies. The buyer's representatives are Stephen R. Preuss Sr., Kevin Schmitz, Kevin Louie, and Andreas Efthymiou from Ripco. Additionally, Robert Sharfstein represented RPS Capital Management in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$390,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,024.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,724.24
Annual Debt Service$416,690.84
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