RK Centers Acquires Retail Portfolio In Davie From Edens For $28.65M
5780 South University Drive, Davie, Florida 33328, United States
$28,650,000
$361/SF
Building Size
79,276 SF
Asset Type
Retail
Closing
Dec 14, 2021
AI
The retail property located at 5780, 5810, and 5840 S University Dr in Davie has been sold in a recent transaction. Spanning across 10.3 acres, this retail asset offers a total square footage of 79,276. The property was sold by Edens to RK Centers, with the deal facilitated by Dennis Carson from CBRE.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $28,650,000
- Address: 5780, 5810 & 5840 S University Dr
- Market: Davie
- Square Footage: 79,276
Andrew Zidar represented RK Centers as the buyer in this transaction. Meanwhile, Dennis Carson from CBRE acted as the broker in the deal. The sale price for the property was $28,650,000, resulting in a price per square foot of $361.
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93