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
About this deal
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.
On the Map
$12,500,000
$207/SF
Retail
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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