Genet Property Group Acquires Retail Property In Sunrise For $5.35M
SOLD
$5,350,000
Florida
See Similar DealsRetail16,994 SF
Sold 04/27/2022
SOLD
Genet Property Group Acquires Retail Property In Sunrise For $5.35M
8901 West Oakland Park Boulevard, Sunrise, Florida 33351, United States
See Similar DealsRetail16,994 SF
Sold 04/27/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$314
Total Square Footage:16,994 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,007.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,361.73
Annual Debt Service$304,340.75
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