City Of Tamarac Acquires Retail Property From Raquel Rothman For $2,657,000 In Tamarac
SOLD
$2,657,000
Florida
See Similar DealsRetail18,800 SF
Sold
SOLD
City Of Tamarac Acquires Retail Property From Raquel Rothman For $2,657,000 In Tamarac
3660 West Commercial Boulevard
See Similar DealsRetail18,800 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$141
Total Square Footage:18800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,706.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,439.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,595.54
Annual Debt Service$151,146.43
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