Mouhalis Capital Management Acquires Coconut Creek Retail Property For $7M
4868 Coconut Creek Pkwy Coconut Creek, FL 33063, USA
$7,000,000
$22/SF
Building Size
310,582 SF
Asset Type
Retail
Closing
Jun 6, 2023
AI
A retail property located at 4868 Coconut Creek Parkway in Coconut Creek has been sold in a transaction facilitated by Patrick Wagor of Atlantic Retail. The property, measuring 310,582 square feet, was purchased by Mouhalis Capital Management, represented by Evan Mouhalis, in collaboration with MMG Equity Partners, represented by Marco Puente and Gabe Navarro. The buyer acquired the property from the seller, Hamsa Hand.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,000,000
- Address: 4868 Coconut Creek Parkway
- Market: Coconut Creek
- Buyer: Mouhalis Capital Management - Evan Mouhalis
- Buyer's Representatives: Marco Puente & Gabe Navarro - MMG Equity Partners
- Seller: Hamsa Hand
- Seller's Broker: Patrick Wagor - Atlantic Retail
- Square Footage: 310,582
- Price per Square Foot: $23
Evan Mouhalis, Marco Puente, Gabe Navarro, and Patrick Wagor played key roles in the transaction. Mouhalis Capital Management, led by Evan Mouhalis, acquired the retail property with the support of MMG Equity Partners, represented by Marco Puente and Gabe Navarro. Patrick Wagor, a broker from Atlantic Retail, facilitated the deal.
Players
Miami 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