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3660 West Commercial Boulevard

City Of Tamarac Acquires Retail Property From Raquel Rothman For $2,657,000 In Tamarac
SOLDRetail

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:

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

Brooke Mosier

Colliers

Broker

$23.3M

vol

8 deals

Broker

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