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5000 Coconut Creek Parkway,...

Current Capital Management Acquires Retail Property In Margate For $10.7M
SOLDRetail

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

Todd Nepola

Current Capital Group

Buyer

$149.5M

vol

12 deals

Buyer
SG
SW GlobalSeller

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