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4828 Coconut Creek Parkway

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

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

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.

Players

Scott Sandelin

Marcus & Millichap

Broker

$296.3M

vol

29 deals

Broker

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