El-Ad National Properties Acquires Retail Property In Davie, FL For $12.8M
SOLD
$12,800,000
Florida
See Similar DealsRetail74,300 SF
Sold 06/25/2020
SOLD
El-Ad National Properties Acquires Retail Property In Davie, FL For $12.8M
4963 South State Road 7, Davie, Florida, USA
See Similar DealsRetail74,300 SF
Sold 06/25/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$172
Total Square Footage:74,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$682,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,475.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,678.53
Annual Debt Service$728,142.36
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