Sam Jidd Luxury Acquires Retail Car Dealer In Plantation For $4M
601 N State Road 7th, Plantation, Florida 33317, United States
$4,000,000
$455/SF
Building Size
8,791 SF
Asset Type
Retail
Closing
Jun 29, 2022
AI
The retail car dealer located at 601 N State Rd 7 in Plantation has been sold for $4,000,000. The property spans 8,791 square feet, resulting in a price per square foot of $455.
Summary of transaction details
- Property Type: Retail Car Dealer
- Transaction Amount: $4,000,000
- Address: 601 N State Rd 7
- Market: Plantation
- Buyer: Sam Jidd Luxury - Sam Jidd
- Seller: LMP Motors
- Buyer's Rep: Federico Rojkes - United Realty Group
- Seller's Rep: John Ellis & JD Cohen - Newmark
The buyer, Sam Jidd Luxury represented by Federico Rojkes of United Realty Group, acquired the property from the seller, LMP Motors. The transaction between the two parties took place on June 30, 2022.
Players
Plantation 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93