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.
On the Map
$5,550,000
Retail
View full map
Players
Davie Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Davie retail sales on Traded.
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