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801 Federal Highway

Vera Realty Sells Retail Property At 801 Federal Highway Dania Beach For $2.9M
SOLDRetail

Vera Realty Sells Retail Property At 801 Federal Highway Dania Beach For $2.9M

801 Federal Highway

$2,900,000

$260/SF

Building Size

11,146 SF

Asset Type

Retail

Closing

Dec 25, 2024

AI

The property asset sold is located at 801 Federal Highway in Dania Beach, characterized as a retail space. The sale was completed for $2,900,000, encompassing an area of 11,146 square feet, which equates to a price per square foot of $260.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,900,000
  • Address: 801 Federal Highway
  • Market: Dania Beach
  • Square Footage: 11,146
  • Price per Square Foot: $260
  • Seller: Vera Realty
  • Broker: Nick Polyushkin - Vera Realty

Nick Polyushkin represented Vera Realtyin this transaction, facilitating the sale of the property. The property boasts a strategic location right on the US-1 highway, which serves as a key transportation route connecting major coastal cities from Miami to West Palm Beach, including Hollywood and Fort Lauderdale.

Players

Nick Polyushkin

Vera Realty

Broker

$31.9M

vol

5 deals

Broker

Dania 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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93