El-Ad National Properties Acquires Retail Property In Davie, FL For $12.8M
4963 South State Road 7, Davie, Florida, USA
$12,800,000
$172/SF
Building Size
74,300 SF
Asset Type
Retail
Closing
Jun 25, 2020
AI
An Adam J. Tiktin image showcases the property involved in the closed transaction. The property is located at 4803-4963 S. State Rd. 7 in Davie, FL. It falls under the asset type of retail and has a square footage of 74,300. The transaction took place on June 25, 2021, with a sale price of $12,800,000, resulting in a price per square foot of $172.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,800,000
- Square Footage: 74,300
- Address: 4803-4963 S. State Rd. 7, Davie, FL
- Market: Davie, FL
- Buyer: El-Ad National Properties
- Seller: Saber Griffin Two
- Broker: Adam J. Tiktin - Tiktin Real Estate Investment Services
Adam J. Tiktin from Tiktin Real Estate Investment Services represented the buyer and seller, El-Ad National Properties and Saber Griffin Two, respectively, in this retail property transaction.
Players
Davie 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
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93