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
About this deal
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
Boca Raton 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
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93