Oak Street Capital Acquires Retail Property In Coconut Creek For $6.8M
4600 Coconut Creek Boulevard, Coconut Creek, FL, USA
$6,800,000
$398/SF
Building Size
17,072 SF
Asset Type
Retail
Closing
Sep 20, 2021
About this deal
AI
A retail property located at 4600 Coconut Creek Parkway in Coconut Creek was recently sold for $6,800,000. The transaction took place on September 20, 2021. The property was purchased by Oak Street Capital with representatives Marc Zahr and Jim Hennessy. The seller of the property was Walgreens Company.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,800,000
- Address: 4600 Coconut Creek Parkway
- Market: Coconut Creek
Oak Street Capital, represented by Marc Zahr and Jim Hennessy, acquired the property from Walgreens Company in this transaction. The deal represents a significant investment in the retail sector of Coconut Creek.
On the Map
$6,800,000
$398/SF
Retail
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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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93