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Shawnick Galleria LLC Acquires Retail Property In Fort Lauderdale For $17.1M

Property Image
SOLD
$17,100,000
Mackenzie Lampman
Patricia Friend
David Donnellan
+ 2

Florida

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Retail24,807 SF
Sold 11/16/2021
the dealplayerscompscontact
Property Image
SOLD

Shawnick Galleria LLC Acquires Retail Property In Fort Lauderdale For $17.1M

2541 E Sunrise Blvd, Fort Lauderdale, FL, USA

See Similar Deals
Retail24,807 SF
Sold 11/16/2021
Mackenzie Lampman
Patricia Friend
David Donnellan
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$689
Total Square Footage:24,807 SF
Transaction Type:Sale

The retail property located at 2541-2595 E. Sunrise Blvd in Fort Lauderdale has been sold in a recent transaction. The property spans an area of 1.54 acres, providing ample space for retail activities.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $17,100,000
  • Square Footage: 24,807
  • Price per Square Foot: $689
  • Address: 2541-2595 E. Sunrise Blvd, Fort Lauderdale
  • Market: Fort Lauderdale

The buyer in this transaction is Shawnick Galleria LLC, represented by Esmail Shahid. The seller is Stiles Corp. CBRE played a key role in facilitating the deal, with Paul Ahmed, Mackenzie Lampman, David Donnellan, and Patricia Friend serving as brokers.

Players

Paul Ahmed
CBRE
Paul Ahmed
13 deals$262.9M volume
BROKER
Patricia Friend
CBRE
Patricia Friend
15 deals$190.2M volume
BROKER
David Donnellan
CBRE
David Donnellan
10 deals$123.9M volume
BROKER
Mackenzie Lampman
CBRE
Mackenzie Lampman
7 deals$191.2M volume
BROKER
ES
Esmail Shahid
2 deals$34.2M volume
BUYER
SC
Stiles Corp
SELLER

Details

SOLD
IMAGE: Mackenzie Lampman, David Donnellan, Patricia Friend & Paul Ahmed DATE: 11/16/2021 ADDRESS: 2541-2595 E. Sunrise Blvd MARKET: Fort Lauderdale ASSET TYPE: Retail ~ ACRES: 1.54 BUYER: Shawnick Galleria LLC - Esmail Shahid SELLER: Stiles Corp BROKERS: Paul Ahmed, Mackenzie Lampman, David Donnellan & Patricia Friend - CBRE SALE PRICE: $17,100,000 SF: 24,807 ~ PPSF: $689

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$912,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$60,752.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,062.72
Annual Debt Service$972,752.69