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
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