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7910 West Mcnab Road

Zenix Properties Acquires Retail Property On West McNab Rd, North Lauderdale For $13.6M
SOLDRetail

Zenix Properties Acquires Retail Property On West McNab Rd, North Lauderdale For $13.6M

7910 West Mcnab Road

$13,575,000

$342/SF

Building Size

39,650 SF

Asset Type

Retail

Closing

Sep 27, 2021

AI

A retail property in North Lauderdale has been sold for $13,575,000. The property, located at 7910 West McNab Rd, spans an area of 4.46 acres. The transaction took place on September 27, 2021. The retail property has a total square footage of 39,650, resulting in a price per square foot of $342.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $13,575,000
  • Address: 7910 West McNab Rd, North Lauderdale
  • Market: North Lauderdale
  • Acres: 4.46

The buyer, Zenix Properties LLC, represented by Roberto Alberro, acquired the property from the seller, Arena North Lauderdale Shoppes LLC. The sale was facilitated by brokers Adam J. Tiktin and Greg Matus, who work at Franklin Street. Adam J. Tiktin and Greg Matus were the representatives for both the buyer and the seller in this transaction.

Players

Adam Tiktin

Franklin Street

Broker

$261.4M

vol

20 deals

Broker

Fort 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

1.17%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93