Marcus & Millichap Sells Sunnyside Medical Cannabis Dispensary In Tamarac, Florida For $4.52M
6001 N University Dr Tamarac, FL 33321, USA
$4,520,000
$915/SF
Building Size
4,936 SF
Asset Type
Retail
Closing
Jul 6, 2023
AI
Marcus & Millichap has sold Sunnyside Medical Cannabis Dispensary in Tamarac, Florida for $4.52 million. The retail property is located at 6001 North University Drive and covers an area of 1.92 acres. The sale price equates to a price per square foot of $916, with a total square footage of 4,936.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,520,000
- Address: 6001 North University Drive
- Market: Tamarac
- Acres: 1.92
Ron Osborne from Sperry Commercial represented the buyer in this sale, while Barry Wolfe and Alan Lipsky from Marcus & Millichap represented the seller. This transaction marks another successful sale for Marcus & Millichap, which has expertise in cannabis real estate and has sold a total of 34 cannabis dispensaries in the past two years.
Players
Miami 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
3.51%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93