Broward Meat And Fish Co Acquires Retail Property In Margate For $11.9M
3105 North State Road 7, Margate, FL, USA
$11,900,000
Building Size
—
Asset Type
Retail
Closing
Jan 5, 2021
About this deal
AI
Broward Meat and Fish Co has acquired a retail property located at 3105-3285 N. State Road 7 in Margate. The property was sold by Ross Realty Investments, represented by Barry Ross, and SunCap Real Estate Investments, represented by Brian Mark and Scott Auker. The transaction took place on January 6, 2021, for a total price of $11,900,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,900,000
- Address: 3105-3285 N. State Road 7, Margate
- Market: Margate
Broward Meat and Fish Co, led by their representative, acquired this retail property from Ross Realty Investments and SunCap Real Estate Investments. Barry Ross represented Ross Realty Investments in the deal, while Brian Mark and Scott Auker represented SunCap Real Estate Investments. This successful transaction marks an important milestone for all parties involved.
Players
Pompano Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93