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Jonathan Wizman Of Davie Square Group Acquires Retail Property From Southeast Properties For $18.5M

Property Image
SOLD
$18,500,000

Florida

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Retail112,016 SF
Sold 06/30/2025
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Property Image
SOLD

Jonathan Wizman Of Davie Square Group Acquires Retail Property From Southeast Properties For $18.5M

5795 South University Drive

See Similar Deals
Retail112,016 SF
Sold 06/30/2025
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$165
Total Square Footage:112,016 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 5795 South University Drive in Davie. The sale was completed at a transaction amount of $18,500,000, featuring a total square footage of 112,016 and a price per square foot of $165.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $18,500,000
  • Square Footage: 112,016
  • Price Per Square Foot: $165
  • Buyer: Jonathan Wizman - Davie Square Group
  • Seller: Southeast Properties
  • Broker: Gary Broidis - Atlantic Commercial Group

This deal involved Jonathan Wizman representing Davie Square Group as the buyer, while Southeast Properties acted as the seller in this retail property transaction. The representation for the deal was handled by broker Gary Broidis from Atlantic Commercial Group, facilitating the transfer between the buyer and the seller.

Players

Gary Broidis
5 deals$54.1M volume(561) 447-8610
BROKER

Atlantic Commercial Group
BROKERAGE

Details

SOLD
IMAGE: Jonathan Wizman DATE: 06/30/2025 ADDRESS: 5795 South University Drive MARKET: Davie ASSET TYPE: Retail BUYER: Jonathan Wizman (@JonnyWizman) - Davie Square Group SELLER: Southeast Properties BROKER: Gary Broidis - Atlantic Commercial Group SALE PRICE: $18,500,000 SF: 112,016 ~ PPSF: $165

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$986,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,699.44
Annual Debt Service$1,052,393.26