SOLDRetail
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
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.
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