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235 East Commercial Boulevard

Jonathan Wizman Of JASI Group Acquires Retail Asset In Lauderdale By The Sea For $1.65M
SOLDRetail

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

Gary Broidis

Atlantic Commercial Group

Broker

$54.1M

vol

5 deals

Broker
Atlantic Commercial Group
Atlantic Commercial GroupBrokerage

Jonathan Wizman

Buyer

$52.7M

vol

6 deals

Buyer

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