facebook
Traded Co logo
Submit
Daily limit: 0/10

Jodie W. McLean Of Edens Acquires Weston Davie Shopping Center From Mike Freno For $51.25M

Property Image
SOLD
$51,250,000
MF
Jodie W. McLean

Florida

See Similar Deals
Retail108,623 SF
Sold 05/13/2025
the dealplayerscompscontact
Property Image
SOLD

Jodie W. McLean Of Edens Acquires Weston Davie Shopping Center From Mike Freno For $51.25M

4410 Weston Road

See Similar Deals
Retail108,623 SF
Sold 05/13/2025
MF
Jodie W. McLean
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$471
Total Square Footage:108,623 SF
Transaction Type:Sale

The retail property at 4410 Weston Road in Davie encompasses 13.1 acres and has a total square footage of 108,623 SF. Edens acquired the Weston Davie Shopping Center for a transaction price of $51,250,000, reflecting a price per square foot of $472. The sale occurred despite the recent vacancy of anchor tenant Office Depot in a competitive retail market where the Q1 vacancy rate was just 1.6% and the average asking rent reached $29.90/SF.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $51,250,000
  • Buyer: Jodie W. McLean - Edens
  • Seller: Mike Freno - Barings/Weston Davie Shopping Center LLC
  • Address: 4410 Weston Road
  • Market: Davie
  • Acres: 13.1
  • Square Footage: 108,623
  • Price Per Square Foot: $472

Jodie W. McLean represented Edens in this transaction, while Mike Freno represented Barings/Weston Davie Shopping Center LLC. The acquisition is significant within a tightly constrained retail market in Southwest Broward.

Players

Jodie W. McLean
Edens
Jodie W. McLean
8 deals$359.1M volume
BUYER
MF
Barings
Mike Freno
15 deals$1.9B volume
SELLER

Details

SOLD
IMAGE: Mike Freno & Jodie W. McLean DATE: 05/13/2025 ADDRESS: 4410 Weston Road MARKET: Davie ASSET TYPE: Retail ~ ACRES: 13.1 BUYER: Jodie W. McLean (@JodiewMclean) - Edens (@WeAreEdens) SELLER: Mike Freno - Barings/Weston Davie Shopping Center LLC SALE PRICE: $51,250,000 SF: 108,623 ~ PPSF: $472 NOTE: Edens bought the 108,623 SF Weston Davie Shopping Center in Davie for $51.25M ($472/SF) from Barings, despite the recent loss of anchor tenant Office Depot. The deal comes amid a tight retail market in Southwest Broward, where Q1 vacancy was just 1.6% and average asking rent hit $29.90/SF.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,733,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$182,080.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$242,951.15
Annual Debt Service$2,915,413.76