Ripco's Stephen R. Preuss Sr. Kevin Schmitz Kevin Louie & Andreas Efthymiou Acquire Retail Asset In Plantation For $7.32M
1732 North University Drive
$7,325,000
$1,220/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Aug 9, 2024
AI
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.
Players
Plantation 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93