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Nick Poly Acquires Retail Property In Dania Beach For $2.9M

Property Image
SOLD
$2,900,000
Uri Redler
Shlomo Poston
Yaacov Poston
+ 1

Florida

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Retail10,000 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Nick Poly Acquires Retail Property In Dania Beach For $2.9M

265 Federal Highway

See Similar Deals
Retail10,000 SF
Sold
Uri Redler
Shlomo Poston
Yaacov Poston
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$290
Total Square Footage:10000 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 265 Federal Highway in Dania Beach. The property spans 10,000 square feet and was sold for $2,900,000, resulting in a price per square foot of $290. The transaction took place on November 17, 2023.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,900,000
  • Address: 265 Federal Highway
  • Market: Dania Beach

The buyer in this transaction is Nick Poly, while the seller is Ricardo Begun. The deal was facilitated by The Real Estate Lab, with Shlomo Poston, Uri Redler, and Yaacov Poston serving as the brokers representing both parties.

Players

Yaacov Poston
The Real Estate Lab
Yaacov Poston
29 deals$62.1M volume
BROKER
Shlomo Poston
The Real Estate Lab
Shlomo Poston
26 deals$62.7M volume
BROKER
Uri Redler
Cervera Real Estate
Uri Redler
18 deals$48.9M volume(305) 374-3434
BROKER
RB
Ricardo G. Begun
2 deals$2.9M volume
SELLER

Details

SOLD
IMAGE: Uri Redler, Yaacov Poston & Shlomo Poston DATE: 11/17/2023 ADDRESS: 265 Federal Highway MARKET: Dania Beach ASSET TYPE: Retail BUYER: Nick Poly SELLER: Ricardo Begun BROKERS: Shlomo Poston (@Zalman_SP), Uri Redler (@UriRedler) & Yaacov Poston (@YaacovPo) - The Real Estate Lab (@TREL.Miami) SALE PRICE: $2,900,000 SF: 10,000 ~ PPSF: $290

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

$154,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75