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4400 West Sample Road

Freshwater Group Acquires Retail Property In Coconut Creek For $15.75M
SOLDRetail

Freshwater Group Acquires Retail Property In Coconut Creek For $15.75M

4400 West Sample Road

$15,750,000

$237/SF

Building Size

66,266 SF

Asset Type

Retail

Closing

Jul 15, 2022

AI

The retail property located at 4400 W Sample Rd in Coconut Creek has been sold for a total price of $15,750,000. The transaction was completed by Freshwater Group, who purchased the property from S2 Development. The sale included a total square footage of 66,266, resulting in a price per square foot of $238.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $15,750,000
  • Square Footage: 66,266
  • Price per Square Foot: $238
  • Address: 4400 W Sample Rd, Coconut Creek
  • Buyer: Freshwater Group
  • Seller: S2 Development
  • Broker: Benjamin H. Silver - CBRE

Benjamin H. Silver from CBRE represented both the buyer and seller in this transaction.

Players

Benjamin Silver

CBRE

Broker

$295.3M

vol

38 deals

Broker
FG
Freshwater GroupBuyer
SD
S2 DevelopmentSeller

Coconut Creek 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

1.01%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93