James R. Motzkin Acquires Retail Property From Marcos Puente & Evan Mouhalis For $7M
4828 Coconut Creek Parkway
$7,000,000
$700/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Mar 7, 2024
About this deal
AI
The property at 4828 Coconut Creek Parkway in Coconut Creek, a retail asset, was involved in a recent transaction. The sale price for this property was $7,000,000, with a total square footage of 10,000 and a price per square foot of $700.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $7,000,000
- Buyer: James R. Motzkin
- Seller: Marcos Puente - MMG Equity Partners; Evan Mouhalis - Mouhalis Capital Management
- Brokers: Scott Sandelin - Marcus & Millichap; Patrick Wagor - Atlantic Retail
- Address: 4828 Coconut Creek Parkway
- Market: Coconut Creek
The deal's key individuals and companies involved in this transaction include James R. Motzkin as the buyer, Marcos Puente from MMG Equity Partners, and Evan Mouhalis from Mouhalis Capital Management as the sellers. The brokers facilitating the deal were Scott Sandelin from Marcus & Millichap and Patrick Wagor from Atlantic Retail.
On the Map
$7,000,000
$700/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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93