Jonathan Wizman Of JASI Group Acquires Retail Asset In Lauderdale By The Sea For $1.65M
235 East Commercial Boulevard
$1,650,000
$173/SF
Building Size
9,510 SF
Asset Type
Retail
Closing
Jun 29, 2025
AI
The property asset involved in this transaction is a retail facility located at 235 East Commercial Boulevard in Lauderdale By the Sea. It was sold for a price of $1,650,000, encompassing a total square footage of 9,510. The price per square foot is calculated at $173.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,650,000
- Address: 235 East Commercial Boulevard
- Market: Lauderdale By the Sea
- Square Footage: 9,510
- Price Per Square Foot: $173
- Buyer: Jonathan Wizman - JASI Group
- Seller: Southeast Properties
- Broker: Gary Broidis - Atlantic Commercial Group
This transaction was facilitated between Jonathan Wizman, representing JASI Group as the buyer, and Southeast Properties as the seller, with brokerage services provided by Gary Broidis from Atlantic Commercial Group. Each party played a vital role in successfully completing the transaction.
Players
Lauderdale By The Sea 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93