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
Sunrise 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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93