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:
- 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.
Players
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