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7795 West Oakland Park Boul...

Ken Israel Acquires Retail Property In Sunrise For $4.5M
SOLDRetail

Ken Israel Acquires Retail Property In Sunrise For $4.5M

7795 West Oakland Park Boulevard

$4,500,000

$1,543/SF

Building Size

2,915 SF

Asset Type

Retail

Closing

Dec 21, 2023

AI

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:

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.

Players

Douglas K. Mandel

Marcus & Millichap

Broker

$1.1B

vol

72 deals

Broker

Ken Israel

Buyer

$21.1M

vol

4 deals

Buyer

Sunrise 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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93