Jonathan Wizman Of JASI Group Acquires Retail Asset In Lauderdale By The Sea For $1.65M
SOLD
$1,650,000
Florida
See Similar DealsRetail9,510 SF
Sold 06/30/2025
SOLD
Jonathan Wizman Of JASI Group Acquires Retail Asset In Lauderdale By The Sea For $1.65M
235 East Commercial Boulevard
See Similar DealsRetail9,510 SF
Sold 06/30/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$173
Total Square Footage:9,510 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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