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3500-3900 North University ...

Rocio De Ojeda And Job De Ojeda Acquire Retail Property In Cooper City For $18.5M
SOLDRetail

Rocio De Ojeda And Job De Ojeda Acquire Retail Property In Cooper City For $18.5M

$18,500,000

$306/SF

Building Size

60,340 SF

Asset Type

Retail

Closing

Jul 11, 2024

AI

The property asset involved in this transaction is a retail space located at 3500-3900 North University Drive in the Cooper City market. This asset was sold for a price of $18,500,000, featuring a total square footage of 30,170, which translates to a price per square foot of $613.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $18,500,000
  • Square Footage: 30,170
  • Price per Square Foot: $613
  • Buyer: Rocio De Ojeda & Job De Ojeda
  • Seller: Cary & Alan Goldberg
  • Brokers: Justin Walker, Greg Matus & Dan Dratch - Franklin Street
  • Date of Transaction: 07/11/2024

The transaction involved significant parties including buyers Rocio De Ojeda and Job De Ojeda, along with sellers Cary and Alan Goldberg. The brokers facilitating this deal from Franklin Street were Justin Walker, Greg Matus, and Dan Dratch, representing the interests of the buyers and sellers.

Players

Greg Matus

Franklin Street

Broker

$386.5M

vol

39 deals

Broker

Market 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

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93