James Hennessey & Marc Zahr Acquire Store On Coconut Creek Pkwy For $6.8M
SOLD
$6,825,000
Florida
See Similar DealsRetail17,072 SF
Sold 09/16/2021
SOLD
James Hennessey & Marc Zahr Acquire Store On Coconut Creek Pkwy For $6.8M
4600 Coconut Creek Pkwy, Pompano Beach, Florida, USA
See Similar DealsRetail17,072 SF
Sold 09/16/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$399
Total Square Footage:17,072 SF
Transaction Type:Sale
The property involved in this transaction is a store located at 4600 Coconut Creek Pkwy in Pompano Beach, FL. The property spans 17,072 square feet and was sold on September 16, 2021 for a price of $6,825,000. The price per square foot was $400.
Summary of transaction details:
- Property Type: Store
- Transaction Amount: $6,825,000
- Address: 4600 Coconut Creek Pkwy, Pompano Beach, FL
- Market: Pompano Beach, FL
- Square Footage: 17,072
- Price per Square Foot: $400
The buyers in this transaction were James Hennessey and Marc Zahr. They purchased the property from the sellers, John Standley and Todd Heckman.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$364,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,247.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,353.98
Annual Debt Service$388,247.78
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