RK Centers Acquires Retail Property In Plantation For $17M
500-560 North Pine Island Road, Plantation, FL, USA
$17,000,000
$356/SF
Building Size
47,678 SF
Asset Type
Retail
Closing
Mar 16, 2021
About this deal
AI
The retail property located at 500-560 North Pine Island Road in Plantation has been sold in a closed transaction. The property, owned by Regency Centers Corp, was purchased by RK Centers, represented by Raanan Katz. The sale took place on March 17, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $17,000,000
- Square Footage: 47,678
- Price per Square Foot: $357
- Acres: 4.2
- Price per Acre: $4,047,619
- Address: 500-560 North Pine Island Road, Plantation
- Market: Plantation
This deal involved Raanan Katz from RK Centers as the buyer and Regency Centers Corp as the seller. Raanan Katz represented RK Centers in the transaction.
Players
Plantation Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Raanan Katz to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93