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8401 W McNab Rd Tamarac, FL...

Sharpe Properties Acquires Retail Property In Tamarac For $3.3M
SOLDRetail

Sharpe Properties Acquires Retail Property In Tamarac For $3.3M

8401 W McNab Rd Tamarac, FL 33321, USA

$3,300,000

$141/SF

Building Size

23,260 SF

Asset Type

Retail

Closing

Jun 5, 2023

AI

The retail property located at 8401 West McNab Road in Tamarac has been sold in a recent transaction. The property spans over 23,260 square feet and was sold for a total price of $3,300,000, which translates to an average price per square foot of $142. The transaction took place on 06/05/2023.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,300,000
  • Square Footage: 23,260
  • Price Per Square Foot: $142
  • Market: Tamarac

The buyer in this transaction is Sharpe Properties, while the seller is Bellamarc Investments Inc, represented by Julius Suss. The brokerage firm involved in this deal is Marcus & Millichap, with Benedict Gutierrez serving as the broker.

Players

Benedict Gutierrez

Berlin Group

Broker

$46.4M

vol

7 deals

Broker

Miami 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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93