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265 Federal Highway

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

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

265 Federal Highway

$2,900,000

$290/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Nov 17, 2023

AI

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

Broker

$62.1M

vol

29 deals

Broker

Ricardo G. Begun

Seller

$2.9M

vol

2 deals

Seller

Dania 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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93