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8901 West Oakland Park Boul...

Genet Property Group Acquires Retail Property In Sunrise For $5.35M
SOLDRetail

Genet Property Group Acquires Retail Property In Sunrise For $5.35M

8901 West Oakland Park Boulevard, Sunrise, Florida 33351, United States

$5,350,000

$314/SF

Building Size

16,994 SF

Asset Type

Retail

Closing

Apr 26, 2022

AI

Jonathan Wizman, David Donnellan, and Patricia Friend were involved in the sale of a retail property located at 8901 W Oakland Park Blvd in Sunrise. The transaction took place on April 27, 2022. The property spans 16,994 square feet and is situated in the Sunrise market.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $5,350,000
  • Address: 8901 W Oakland Park Blvd
  • Market: Sunrise

The buyer in this transaction was Genet Property Group. On the other hand, the seller was Jonathan Wizman, representing Ragnar Investments, LLC. The sale was facilitated by David Donnellan and Patricia Friend from CBRE.

The property was sold at a price of $5,350,000, resulting in a price-per-square-foot (PPSF) valuation of $315.

Players

Patricia Friend

CBRE

Broker

$190.2M

vol

15 deals

Broker
GG
Genet Property GroupBuyer

Jonathan Wizman

Seller

$52.7M

vol

6 deals

Seller

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

2.97%

Cash-on-Cash

-0.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93