IMC Equity Group Acquires Retail Property In Cooper City For $3.4M
8625 Stirling Road, Cooper City, Florida 33328, United States
$3,400,000
$226/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
Mar 16, 2022
About this deal
AI
An off-market retail property transaction took place in Cooper City. The property, located at 8625 Stirling Rd, was sold for $3,400,000. The asset spans over 15,000 square feet, resulting in a price per square foot of $227. The sale was completed on March 17, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,400,000
- Address: 8625 Stirling Rd
- Market: Cooper City
- Square Feet: 15,000
- Price per Square Foot: $227
IMC Equity Group acquired the property, which was an out parcel on their existing 56,000 square foot shopping center. Lower East Side Management represented the buyer in the deal, with Michael Cases serving as the broker. The anchor tenant of the shopping center is Aroma Kosher Market. Congratulations to both the buyer and seller on the successful transaction.
For more information, interested parties can contact Lower East Side Management, LLC at 305.815.0015 or email Michael Cases at [email protected]. The company's office is located at 20533 Biscayne Blvd in Aventura, FL 33180.
Players
Cooper City 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93