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4868 Coconut Creek Pkwy Coc...

Mouhalis Capital Management Acquires Coconut Creek Retail Property For $7M
SOLDRetail

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

Patrick Wagor

Atlantic Retail

Broker

$48.6M

vol

6 deals

Broker

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