Jason Zheng Acquires Retail Property In Davie From Jonathan Wizman For $6.85M
7162 Stirling Road
$6,850,000
$304/SF
Building Size
22,517 SF
Asset Type
Retail
Closing
Aug 21, 2025
AI
This retail asset, located at 7110-7162 Stirling Road in Davie, was sold for $6,850,000. The property encompasses a total square footage of 22,517, which results in a price per square foot of $304.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,850,000
- Square Footage: 22,517
- Price Per Square Foot: $304
- Buyer: Jason Zheng - 7110 Plaza
- Seller: Jonathan Wizman
- Broker: Drew Kristol - Marcus & Millichap
- Transaction Date: 08/22/2025
- Market: Davie
Drew Kristol from Marcus & Millichap represented the seller, Jonathan Wizman, in this transaction, facilitating the process of the sale to buyer Jason Zheng, who is associated with 7110 Plaza.
Players
Hollywood 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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93