Biniamin Shamay Purchases Net Leased QSR In Lauderhill From Arthur J. Halleran Jr. For $2.825M

The asset involved in the transaction is a net leased quick service restaurant (QSR) located at 8188 West Commercial Boulevard in Lauderhill. The sale price of the property was $2,825,000, with a cap rate of 5.34%. The transaction included financing in the amount of $1,125,000 at an interest rate of 4% for a term of five years.

Summary of transaction details:

• Property Type: Net Leased QSR
• Transaction Amount: $2,825,000
• Address: 8188 West Commercial Boulevard
• Market: Lauderhill
• CAP Rate: 5.34%
• Buyer: Biniamin Shamay
• Seller: Arthur J. Halleran Jr.
• Buyer's Representative: Michael Talbert - Vero Capital Group
• Seller's Representative: Jonathan De La Rosa - Marcus & Millichap
• Financing Amount: $1,125,000
• Interest Rate: 4%
• Financing Term: 5 years

The transaction was represented by Michael Talbert from Vero Capital Group for the buyer, Biniamin Shamay, while Jonathan De La Rosa from Marcus & Millichap represented the seller, Arthur J. Halleran Jr. Additionally, a Sonic in Miami Gardens located directly across from the Hard Rock Stadium is available, which can be structured with similar financing terms.