Tiram Real Estate Enterprises Acquires Retail Property In Dania Beach For $3.58M
SOLD
$3,580,000
Florida
See Similar DealsRetail11,480 SF
Sold 06/17/2020
SOLD
Tiram Real Estate Enterprises Acquires Retail Property In Dania Beach For $3.58M
212 South Federal Highway, Dania Beach, FL, USA
See Similar DealsRetail11,480 SF
Sold 06/17/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$311
Total Square Footage:11,480 SF
Transaction Type:Sale
A retail property located at 212 S. Federal Highway in Dania Beach has been sold for $3,580,000. The property spans 11,480 square feet and sits on 0.87 acres of land. The sale price translates to a price per square foot of $312. The transaction took place on June 17, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,580,000
- Address: 212 S. Federal Highway, Dania Beach
- Market: Dania Beach
- Square Footage: 11,480
- Price per Square Foot: $312
- Land Size: 0.87 acres
The buyer of the property is Tiram Real Estate Enterprises LLC, while the seller is Dania Land Trust. Gil Terem from Sterling Equity Realty represented the seller, and Patrick Conness from Conness Crissy Realty represented the buyer. The transaction was facilitated by Patrick Conness, the seller's representative.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$190,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,719.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,971.03
Annual Debt Service$203,652.32
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