facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

8200 North University Drive

Danny Alonso Acquires Tamarac Retail Property For $2.175M
SOLDRetail

Danny Alonso Acquires Tamarac Retail Property For $2.175M

8200 North University Drive

$2,175,000

$426/SF

Building Size

5,100 SF

Asset Type

Retail

Closing

Jul 19, 2022

AI

A retail property located at 8200 N University Dr in Tamarac has been sold for $2,175,000. The property spans across 1.2 acres and has a total area of 5,100 square feet. The sale price per acre is calculated to be $1,812,500, while the price per square foot amounts to $426.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,175,000
  • Address: 8200 N University Dr
  • Market: Tamarac
  • Acres: 1.2
  • Price per Acre: $1,812,500
  • Square Feet: 5,100
  • Price per Square Foot: $426

The buyer of the property is Danny Alonso, while the seller is Enayat Abrishami. Ahmad Abdulreda from United Realty Group represented the buyer in the transaction, and David Eggnatz and Daniel Solomon, CCIM from Katz & Associates represented the seller.

Players

Ahmad Abdulreda

United Realty Group

Broker

$2.2M

vol

1 deal

Broker

Danny Alonso

Macmillan Real Estate

Buyer

$10.4M

vol

3 deals

Buyer

Boca Raton Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.29%

Cash-on-Cash

-2.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93