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
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