RK Centers Acquires Retail Property In Davie For $28.7 Million
SOLD
$28,700,000
Florida
See Similar DealsRetail79,746 SF
Sold 01/11/2022
SOLD
RK Centers Acquires Retail Property In Davie For $28.7 Million
5800 South University Drive, Davie, Florida 33328, United States
See Similar DealsRetail79,746 SF
Sold 01/11/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$359
Total Square Footage:79,746 SF
Transaction Type:Sale
Located in Davie, the retail property at 5800 South University Drive was recently sold for $28,700,000. The transaction was completed on January 11, 2022. The property covers an area of 10.3 acres and offers 79,746 square feet of space. The price per square foot for this deal was $360.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $28,700,000
- Address: 5800 South University Drive
- Market: Davie
- Acreage: 10.3
- Square Footage: 79,746
RK Centers purchased the property from Edens in this transaction. The deal was facilitated by Dennis Carson of CBRE, who represented the buyer. This sale marks another successful transaction for Carson and CBRE.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,530,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$101,965.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$136,052.64
Annual Debt Service$1,632,631.70
Is there something missing? Send suggestions