Andrew Perkins Of Perkins Realty Management Acquires Davie Square From Jonathan Wizman For $25.55M
5503-5795 South University Drive
$25,550,000
$224/SF
Building Size
114,000 SF
Asset Type
Retail
Closing
Sep 30, 2026
About this deal
AI
The property involved in this transaction is Davie Square, located at 5503-5795 South University Drive & 5645 South University Drive in the Davie market. It is a retail asset spanning approximately 114,000 square feet. The sale was executed at a price of $25,550,000, reflecting a price per square foot of $224.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $25,550,000
- Buyer: Andrew Perkins - Perkins Realty Management
- Seller: Jonathan Wizman
- Broker: Drew Kristol - Marcus & Millichap
- Square Footage: 114,000
- Price per Square Foot: $224
- Acquired by Seller for: $17,800,000
- Percentage Increase: 44%
- Site Area: More than 12 acres
Notably, the transaction was facilitated by Drew Kristol of Marcus & Millichap, representing the sale of Davie Square, which includes a Denny’s-occupied outparcel. This deal comes roughly 15 months after the property was originally acquired by Jonathan Wizman of Davie Square Group LLC.
On the Map
$25,550,000
$224/SF
Retail
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Players
Davie 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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93