Oak Street Capital Acquires Retail Property In Coconut Creek For $6.8M
SOLD
$6,800,000
Florida
See Similar DealsRetail17,072 SF
Sold 09/20/2021
SOLD
Oak Street Capital Acquires Retail Property In Coconut Creek For $6.8M
4600 Coconut Creek Boulevard, Coconut Creek, FL, USA
See Similar DealsRetail17,072 SF
Sold 09/20/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$398
Total Square Footage:17,072 SF
Transaction Type:Sale
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.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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