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212 South Federal Highway, ...

Tiram Real Estate Enterprises Acquires Retail Property In Dania Beach For $3.58M
SOLDRetail

Tiram Real Estate Enterprises Acquires Retail Property In Dania Beach For $3.58M

212 South Federal Highway, Dania Beach, FL, USA

$3,580,000

$311/SF

Building Size

11,480 SF

Asset Type

Retail

Closing

Jun 17, 2020

AI

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

Gil Terem

Sterling Equity Realty

Broker

$7.2M

vol

2 deals

Broker
TL
Tiram Real Estate Enterprises LLCBuyer
D#
Dania Land Trust #1Seller

Dania 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

4.43%

Cash-on-Cash

-1.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93