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Slate Asset Management Acquires Retail Property In Dania Beach For $13M

Property Image
SOLD
$13,000,000
David Lukes
BW

Florida

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Retail70,135 SF
Sold 08/09/2022
the dealplayerscompscontact
Property Image
SOLD

Slate Asset Management Acquires Retail Property In Dania Beach For $13M

401 East Sheridan Street, Dania Beach, Florida 33004, United States

See Similar Deals
Retail70,135 SF
Sold 08/09/2022
David Lukes
BW
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$185
Total Square Footage:70,135 SF
Transaction Type:Sale

Located at 401 East Sheridan St in Dania Beach, this retail property spans across 6.6 acres. The property was recently sold in a closed transaction.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,000,000
  • Square Footage: 70,135
  • Price Per Square Foot: $185
  • Market: Dania Beach

The buyer, Slate Asset Management, was represented by Blair Welch & Brady Welch. The seller, Site Centers Corp., was represented by David Lukes.

Players

BW
Brady Welch
3 deals$52.9M volume
BUYER

Details

SOLD
IMAGE: Blair Welch & Brady Welch DATE: 08/09/2022 ADDRESS: 401 East Sheridan St MARKET: Dania Beach ASSET TYPE: Retail ~ ACRES: 6.6 BUYER: Slate Asset Management (@SlateAssetMgmt) - Blair Welch & Brady Welch SELLER: Site Centers Corp. (@SiteCenters) - David Lukes SALE PRICE: $13,000,000 SF: 70,135 ~ PPSF: $185

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
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