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James R. Motzkin Acquires Retail Property From Marcos Puente & Evan Mouhalis For $7M

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SOLD
$7,000,000

Florida

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Retail10,000 SF
Sold 03/07/2024
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SOLD

James R. Motzkin Acquires Retail Property From Marcos Puente & Evan Mouhalis For $7M

4828 Coconut Creek Parkway

See Similar Deals
Retail10,000 SF
Sold 03/07/2024
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$700
Total Square Footage:10,000 SF
Transaction Type:Sale

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.

Players

Scott Sandelin
29 deals$296.3M volume(786) 522-7009
BROKER

Patrick Wagor
Atlantic Retail
6 deals$48.6M volume(561) 427-6151
BROKER

Details

SOLD
IMAGE: Evan Mouhalis, Marcos Puente, Patrick Wagor & Scott Sandelin DATE: 03/07/2024 ADDRESS: 4828 Coconut Creek Parkway MARKET: Coconut Creek ASSET TYPE: Retail BUYER: James R. Motzkin SELLER: Marcos Puente - MMG Equity Partners (@MMGEquityPartners) ; Evan Mouhalis (@EvanMouhalis) - Mouhalis Capital Management BROKERS: Scott Sandelin - Marcus & Millichap (@MarcusMillichapinc); Patrick Wagor (@PatrickWagor) - Atlantic Retail (@Atlantic_Retail) SALE PRICE: $7,000,000 SF: 10,000 ~ PPSF: $700

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85