Borluv Developments Acquires Retail Property From Trapeza Inc. For $5,550,000 In Davie
5999 S University Drive & 5999 S University Drive
$5,550,000
Lot Size
41,434 SF
Asset Type
Retail
Closing
Jun 28, 2019
About this deal
AI
The property located at 5999 S University Drive in Davie is a retail asset that has recently been sold for $5,550,000.00. This transaction marks a significant movement in the local market for retail assets, reflecting current trends and investment interest in the area.
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
- Market: Davie
Alejandro Snyder represented Current Real Estate Advisors in the transaction, facilitating the deal between Borluv Developments and Trapeza Inc. This collaboration highlights the role of real estate professionals in navigating complex property transactions in the retail sector.
On the Map
$5,550,000
Retail
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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