Ken Israel Acquires Retail Property In Sunrise For $4.5M
SOLD
$4,500,000
+ 1
Florida
See Similar DealsRetail2,915 SF
Sold 12/21/2023
SOLD
Ken Israel Acquires Retail Property In Sunrise For $4.5M
7795 West Oakland Park Boulevard
See Similar DealsRetail2,915 SF
Sold 12/21/2023
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,543
Total Square Footage:2,915 SF
Transaction Type:Sale
The retail property located at 7795 West Oakland Park Boulevard in Sunrise has been sold for a price of $4,500,000. The property spans across 2,915 square feet, resulting in a price per square foot of $1,544. The transaction took place on December 21, 2023, and involved the following parties:
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000
- Address: 7795 West Oakland Park Boulevard, Sunrise
- Market: Sunrise
- Buyer: Ken Israel
- Seller: Helen Freidus
- Brokers: Douglas Mandel, Zach Levine, and Josh Gilbert - Marcus & Millichap
Douglas Mandel, Zach Levine, and Josh Gilbert from Marcus & Millichap acted as the brokers in the deal. The involvement of these individuals contributed to the successful completion of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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