Slate Asset Management Acquires Retail Property In Dania Beach For $13M
401 East Sheridan Street, Dania Beach, Florida 33004, United States
$13,000,000
$185/SF
Building Size
70,135 SF
Asset Type
Retail
Closing
Aug 8, 2022
About this deal
AI
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.
The retail sale at 401 East Sheridan Street, Dania Beach, Florida 33004, United States in Hollywood, Florida sold for $13M in 2022. The building is 70,135 square feet, implying about 185 per square foot on the published price. Named participants on the 401 East Sheridan Street, Dania Beach, Florida 33004, United States sale are David Lukes, Brady Welch. This page is the Hollywood, Florida file for the 401 East Sheridan Street, Dania Beach, Florida 33004, United States retail sold: pricing, party profiles, and other closed retail comps from the same Hollywood sit in the Market section below. Filter that Hollywood retail set by closing date to see what else sold near 401 East Sheridan Street, Dania Beach, Florida 33004, United States around 2022. Published consideration for 401 East Sheridan Street, Dania Beach, Florida 33004, United States is $13M, dated 2022. Cite this Slate Asset Management Acquires Retail Property In Dania Beach For $13M sale when underwriting similar retail product around Hollywood, Florida.
On the Map
$13,000,000
$185/SF
Retail
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Hollywood 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93