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7300 West Mcnab Road, North...

Raul Pino Captures Image Of $31M North Lauderdale Retail Sale
SOLDRetail

Raul Pino Captures Image Of $31M North Lauderdale Retail Sale

7300 West Mcnab Road, North Lauderdale, Florida 33068, United States

$31,000,000

$6,888/SF

Building Size

4,500 SF

Asset Type

Retail

Closing

Jun 14, 2022

AI

The Arena Shoppes in North Lauderdale, Florida have been sold in a recent transaction. The retail property, located at 7300 W McNab Rd, was sold for a total price of $31,000,000. It spans across 167,684 square feet, resulting in a price per square foot of $185. The sale took place on June 15, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $31,000,000
  • Property Address: 7300 W McNab Rd
  • Market: North Lauderdale

The seller, Oscar Rodriguez, was represented by Carson Dennis from CBRE. On the other hand, the buyer's representative was Raul Pino from The Hype Real Estate Group. This transaction marks another success for @TheWolfofSouthFL, who facilitated the deal. The Arena Shoppes present a promising opportunity for the buyer, with great potential for growth and profitability.

Note from @TheWolfofSouthFL: We’re excited to announce the sale of Arena Shoppes in North Lauderdale, Florida. As specialists in sourcing off-market opportunities, we were able to match the seller with a strong buyer for this shopping center and out-parcel. If you're interested in similar opportunities, feel free to reach out to us at 786-503-5583.

Players

Gabriel Britti

Marcus & Millichap

Broker

$502.2M

vol

70 deals

Broker
Oscar Rodriguez

Oscar Rodriguez

Seller

$172.1M

vol

6 deals

Seller

North 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

0.51%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93