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1732 North University Drive

Ripco's Stephen R. Preuss Sr. Kevin Schmitz Kevin Louie & Andreas Efthymiou Acquire Retail Asset In Plantation For $7.32M
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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

Kevin Louie

Ripco

Broker

$1B

vol

126 deals

Broker

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