Borluv Developments Acquires Retail Property In Davie From Trapeza Inc. For $5,550,000
5999 S University Dr & 5999 S University Dr
$5,550,000
Lot Size
41,434 SF
Asset Type
Retail
Closing
Jun 28, 2019
About this deal
AI
The transaction involves a retail asset located at 5999 S University Dr in Davie, with a transaction price of $5,550,000.00. The specifics of the property include its designation as a retail type in the Davie market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,550,000.00
- Buyer: Borluv Developments
- Seller: Trapeza Inc.
- Broker: Alejandro Snyder - Current Real Estate Advisors
- Transaction Date: 06/28/2019
The deal involved Borluv Developments acquiring the retail property from Trapeza Inc., with Alejandro Snyder representing Current Real Estate Advisors as the broker in the transaction.
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
2.86%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93