Sharpe Properties Acquires Retail Property In Tamarac For $3.3M
SOLD
$3,300,000
Florida
See Similar DealsRetail23,260 SF
Sold 06/05/2023
SOLD
Sharpe Properties Acquires Retail Property In Tamarac For $3.3M
8401 W McNab Rd Tamarac, FL 33321, USA
See Similar DealsRetail23,260 SF
Sold 06/05/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$141
Total Square Footage:23,260 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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