Current Capital Management Acquires Retail Property In Margate For $10.7M
5000 Coconut Creek Parkway, Margate, FL, USA
$10,700,000
$179/SF
Building Size
59,777 SF
Asset Type
Retail
Closing
Sep 22, 2021
AI
5000 Coconut Creek Parkway in Margate has been sold for a total of $10,700,000 in a recent retail transaction. The property spans across 59,777 square feet, with a price per square foot of $179. The sale took place on September 23, 2021.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $10,700,000
- Address: 5000 Coconut Creek Parkway, Margate
- Square Footage: 59,777
- Price per Square Foot: $179
- Market: Margate
The buyer in this transaction is Todd Nepola, representing Current Capital Management. On the other hand, the seller is SW Global, represented by Suk Hui Walsh and Chang Hak Kim.
Players
Margate 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93