Riad Nazheff Acquires Retail Property From Randy North At 7601 Davie Road Extension For $3.1M
7601 Davie Road Extension
$3,100,000
$206/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
Sep 8, 2026
About this deal
AI
The retail property located at 7601 Davie Road Extension in Hollywood was sold for $3,100,000. This asset encompasses a total area of 15,000 square feet, translating to a price per square foot of $206.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,100,000
- Buyer: Riad Nazheff
- Seller: Randy North
- Brokers: Caio Martin & Jacob Louk - Current Capital Realty
- Date of Transaction: 09/08/2026
Caio Martin and Jacob Louk represented both the buyer, Riad Nazheff, and the seller, Randy North, in this transaction. This sale marks the fourth parcel they facilitated on the corridor during the summer, indicating their focus and expertise in retail, industrial, and income properties.
On the Map
$3,100,000
$206/SF
Retail
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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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93