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711 West Broward Boulevard

Updated Dec 4, 2024

Stefan Grosfeld's Triarch Capital Group Acquires Mixed-Use Asset In Fort Lauderdale
SOLDRetail

Stefan Grosfeld's Triarch Capital Group Acquires Mixed-Use Asset In Fort Lauderdale

711 West Broward Boulevard, 735 W Broward Boulevard, 735 W Broward Boulevard & 790 NW 1st Street

$7,000,000

Building Size

Asset Type

Retail

Closing

Mar 4, 2024

About this deal

AI

The mixed-use property located at 711 West Broward Boulevard, 735 W Broward Boulevard, and 790 NW 1st Street, Fort Lauderdale, was recently sold for $7,000,000. The property spans 46,639 square feet with a building square footage of 8,203, translating to a price per square foot of $853. With a total of 1.07 acres, this transaction was facilitated by Eli Sasson Bril and Jose Sasson Lerner from AXIOM Capital Advisors representing the buyer, Stefan Grosfeld of Triarch Capital Group. On the seller's side, Jamie Posner from EXP Realty acted as the seller's representative.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $7,000,000
  • Lot Square Footage: 46,639
  • Building Square Footage: 8,203
  • Price Per Building Square Foot: $853
  • Buyer: Stefan Grosfeld - Triarch Capital Group
  • Buyer's Representatives: Eli Sasson Bril & Jose Sasson Lerner - AXIOM Capital Advisors
  • Seller's Representative: Jamie Posner - EXP Realty

Additionally, the buyer's representatives, Eli Sasson Bril and Jose Sasson Lerner, specialize in sourcing and facilitating off-market transactions. For further inquiries or potential future transactions, they can be reached at 786-393-8089 or 786-252-7223, via email at [email protected] or [email protected], respectively.

Players

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$943.7M

vol

83 deals

Broker

Fort Lauderdale 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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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