City Of Tamarac Acquires Retail Property From Raquel Rothman For $2,657,000 In Tamarac
3660 West Commercial Boulevard & 3650 West Commercial Boulevard
$2,657,000
$141/SF
Building Size
18,800 SF
Asset Type
Retail
Closing
May 19, 2025
AI
The asset involved in this transaction is a retail property located at 3660 & 3650 West Commercial Boulevard in Tamarac. The retail property has a total square footage of 18,800 and was sold for $2,657,000, resulting in a price per square foot of $141.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,657,000
- Sale Date: 5/20/2025
- Buyer: City of Tamarac
- Seller: Raquel Rothman
- Broker: Bastian Schauer & Brooke Mosier - Colliers
Key individuals involved in the deal include Bastian Schauer and Brooke Mosier, who represented the transaction through Colliers. The City of Tamarac acted as the buyer in this closed property transaction, while Raquel Rothman was the seller.
Players
Fort Lauderdale 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
5.97%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93