IMC Equity Acquires Retail Property In Cooper City For $16.36M
8861 Stirling Road, Cooper City, FL, USA
$16,360,000
$287/SF
Building Size
56,968 SF
Asset Type
Retail
Closing
Dec 18, 2019
AI
The retail property located at 8631-8861 Stirling Road in Cooper City has been sold for a price of $16,360,000. The property, with a total square footage of 56,968, was purchased by IMC Equity, represented by Yoram Izhak. The seller, Stirling Retail 26 LLC, was represented by Yaniv Sananes.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,360,000
- Address: 8631-8861 Stirling Road, Cooper City
- Square Footage: 56,968
- Seller: Stirling Retail 26 LLC - Yaniv Sananes
- Buyer: IMC Equity - Yoram Izhak
The sale of this retail property marks an important transaction in the Cooper City market. IMC Equity, led by Yoram Izhak, made a strategic investment in the property, acquiring a significant asset in a thriving retail market.
Hollywood 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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93