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
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