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8800 Springtree Lake Drive,...

Alberto Kamhazi & Shlomo Kamhazi Acquire Fort Lauderdale Retail Property For $10.65M
SOLDRetail

Alberto Kamhazi & Shlomo Kamhazi Acquire Fort Lauderdale Retail Property For $10.65M

8800 Springtree Lake Drive, Sunrise, Florida 33351, United States

$10,650,000

$3,045/SF

Building Size

3,497 SF

Asset Type

Retail

Closing

Jan 18, 2022

AI

The retail property located at 8800 Springtree Lakes Dr in Fort Lauderdale, FL has been sold. The transaction took place on January 19, 2022. The property spans approximately 3,497 square feet and was sold at a price of $10,650,000, resulting in a price per square foot of $3,045. The buyer of the property is Alberto Kamhazi & Shlomo Kamhazi, while the seller is Angela Dabakaroff.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $10,650,000
  • Address: 8800 Springtree Lakes Dr, Fort Lauderdale, FL

Alberto Kamhazi & Shlomo Kamhazi served as the buyers in this transaction, while Angela Dabakaroff was the seller. The deal was concluded successfully, marking another significant transaction in the competitive Fort Lauderdale market.

Players

Alberto Kamhazi

CK Holding Group

Buyer

$23.8M

vol

3 deals

Buyer

Sunrise 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

1.49%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93