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7023 West Broward Boulevard...

Charles Ladd's Barron Real Estate Acquires Retail Property In Plantation For $38.4M
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Charles Ladd's Barron Real Estate Acquires Retail Property In Plantation For $38.4M

7023 West Broward Boulevard, Plantation, Florida 33312, United States

$38,400,000

$166/SF

Building Size

230,330 SF

Asset Type

Retail

Closing

Jun 5, 2022

AI

Located at 7023 W Broward Blvd in Plantation, this retail property was recently sold in a closed transaction. The property spans a total area of 230,330 square feet and was sold at a price of $38,400,000, resulting in a per square foot price of $167. The transaction took place on June 6, 2022. Claudio Mekler, the seller, represented Miami Manager, while Charles Ladd of Barron Real Estate acted as the buyer's representative.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $38,400,000
  • Address: 7023 W Broward Blvd, Plantation
  • Market: Plantation
  • Square Footage: 230,330
  • Price per Square Foot: $167

The buyer in this transaction was Charles Ladd, representing Barron Real Estate. On the other hand, Claudio Mekler served as the seller and was represented by Miami Manager. These key individuals and companies played crucial roles in the successful completion of this retail property sale.

Players

Charles Ladd

Barron Real Estate

Buyer

$115.2M

vol

3 deals

Buyer

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