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
About this deal
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.
On the Map
$3,580,000
$311/SF
Retail
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Players
Dania 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
4.43%
Cash-on-Cash
-1.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93