Wendy Sheldon Acquires Retail Property In Tamarac For $3.25M
SOLD
$3,250,000
Florida
See Similar DealsRetail4,936 SF
Sold 05/10/2022
SOLD
Wendy Sheldon Acquires Retail Property In Tamarac For $3.25M
6001 North University Drive, Tamarac, Florida 33322, United States
See Similar DealsRetail4,936 SF
Sold 05/10/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$658
Total Square Footage:4,936 SF
Transaction Type:Sale
The retail property located at 6001 N University Dr in Tamarac has been sold in a closed transaction. The transaction took place on 05/10/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,250,000
- Address: 6001 N University Dr, Tamarac
- Market: Tamarac
The buyer of the property is Wendy Sheldon, while Joseph Cohen is the seller. The transaction was facilitated by Dylan Morse and Howard Bregman from the Marcus & Millichap agency, who represented the respective parties involved.
The property spans a total area of 4,936 square feet, resulting in a price per square foot of $658. The asking price for the property was $3,300,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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