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7120 North University Drive

Henry Ma Acquires Retail Property In Tamarac, FL For $11.8M
SOLDRetail

Henry Ma Acquires Retail Property In Tamarac, FL For $11.8M

7120 North University Drive

$11,800,000

$175/SF

Building Size

67,137 SF

Asset Type

Retail

Closing

Oct 4, 2023

AI

A retail property located at 7120 North University Drive in Tamarac, FL has been sold in an off-market transaction. The property spans approximately 67,137 square feet and was sold for a price of $11,800,000, resulting in a price per square foot of $176. The transaction was completed on October 4, 2023.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $11,800,000
  • Square Footage: 67,137
  • Price per Square Foot: $176
  • Address: 7120 North University Drive, Tamarac, FL
  • Market: Tamarac, FL

Jaclyn Pamela, a native New Yorker holding licenses in both New York and Florida, represented both the buyer and the seller in this transaction with the assistance of Javonny Vega. For any real estate needs or exclusive off-market opportunities, you can reach out to Jaclyn at [email protected].

Players

Jaclyn Pamela

Broker

$28.4M

vol

4 deals

Broker

Henry Ma

Buyer

$15.8M

vol

2 deals

Buyer

Tamarac 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

1.34%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93