Charles Ladd Acquires Plantation Retail Property For $38.4M
7007 West Broward Boulevard
$38,400,000
$166,956/SF
Building Size
230 SF
Asset Type
Retail
Closing
Jun 6, 2022
AI
A retail property located at 7007 W Broward Blvd in Plantation, Florida has been sold for a transaction price of $38,400,000. The property spans a total area of 230,330 square feet, resulting in a price per square foot of $167. The sale took place on 06/06/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $38,400,000
- Address: 7007 W Broward Blvd, Plantation, Florida
- Market: Plantation
- Buyer: Charles Ladd
- Seller: Miami Manager
- Brokers: Don Ginsburg & Michael Lewin - Katalyst Real Estate
Don Ginsburg and Michael Lewin from Katalyst Real Estate acted as the brokers in this transaction, representing both the buyer, Charles Ladd, and the seller, Miami Manager.
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93