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Local Private Investor Acquires Wawa Gas Station And Convenience Store In Davie For $4.9M
SOLD
$4,900,000
Florida
See Similar DealsRetail5,636 SF
Sold 03/10/2025
SOLD
Local Private Investor Acquires Wawa Gas Station And Convenience Store In Davie For $4.9M
2500 Davie Road
See Similar DealsRetail5,636 SF
Sold 03/10/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$869
Total Square Footage:5,636 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 2500 Davie Road in the Davie market. The sale price for the property was $4,900,000, with a total square footage of 5,636 and a price per square foot of $869. The property spans an area of 1.4 acres and is currently occupied by a Wawa gas station and convenience store.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,900,000
- Address: 2500 Davie Road
- Market: Davie
- Asset Size: 1.4 acres
- Square Footage: 5,636
- Price per Square Foot: $869
The transaction was brokered by Patrick Nutt and William Wamble from SRS Real Estate Partners. A South Florida-based firm sold the property to a local private investor as part of a 1031 exchange.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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