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
Miami 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93