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300 Gulf Stream Way

Bass Pro Shops Acquires IGFA Site In Dania Beach For $12.5M
SOLDRetail

Bass Pro Shops Acquires IGFA Site In Dania Beach For $12.5M

300 Gulf Stream Way

$12,500,000

$207/SF

Building Size

60,395 SF

Asset Type

Retail

Closing

Oct 27, 2023

AI

Bass Pro Shops has purchased the former International Game Fish Association (IGFA) site in Dania Beach, Florida for $12.5 million. The property, located at 300 Gulf Stream Way, spans across 11.4 acres and includes the 60,395-square-foot IGFA facility. The sale price equates to a cost of $207 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $12,500,000
  • Square Footage: 60,395
  • Address: 300 Gulf Stream Way
  • Market: Dania Beach

The buyer, Bass Pro Shops, was represented by Johnny Morris. On the other hand, The International Game Fish Association (IGFA) was represented by Jason Schratwieser as the seller. Notably, the IGFA retains a 1.1-acre parcel of the property, while the remaining 11.4-acre portion, including the IGFA facility, is now owned by an affiliate of Bass Pro Shops.

Players

BS
Bass Pro ShopsBuyer

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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93