Jonathan Wizman And Ryan Shapiro Of Davie Square Group LLC Acquire Davie Square Retail Center For $17.8M

The property asset involved in the transaction is a retail center located at 5503 & 5645 South University Drive in Davie, spanning 12.3 acres. The property was sold for $17,800,000, features a total square footage of 113,887, and has a price per square foot of $156.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,800,000
• Buyer: Jonathan Wizman & Ryan Shapiro - Davie Square Group LLC
• Seller: SouthEast Properties
• Lender: Southstate Bank
• Loan Amount: $13,350,000
• Site Area: 12.3 acres
• Building Size: 113,887 sq ft
• Price per Square Foot: $156
• Year Built: 2000
• Occupancy: Fully leased with a Denny’s-occupied outparcel

Key individuals involved in the deal include Jonathan Wizman and Ryan Shapiro as the buyers representing Davie Square Group LLC, and the seller being SouthEast Properties. The transaction was financed through a loan provided by Southstate Bank, marking a significant sale for the retail center which is noted as its first sale since its establishment.