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9000 Florida Highway 84

JBL Asset Management Acquires Retail Property In Davie From Continental Realty Corporation For $22.25M
SOLDRetail

JBL Asset Management Acquires Retail Property In Davie From Continental Realty Corporation For $22.25M

9000 Florida Highway 84

$22,250,000

$160/SF

Building Size

138,554 SF

Asset Type

Retail

Closing

Aug 22, 2024

AI

The retail asset located at 9000 Florida Highway 84 in Davie has a sale price of $22,250,000. It encompasses a total square footage of 138,554, resulting in a price per square foot of $160.

Summary of transation details:

This transaction involved multiple key individuals, including representatives from JLL who facilitated the deal. Eric Williams, Danny Finkle, Jorge Portela, Kim Flores, Michael Kavaler, and Cameron Beck were instrumental in representing the interests of the buyer and seller throughout the sales process.

Players

Danny Finkle

JLL

Broker

$3.9B

vol

57 deals

Broker

Fort Lauderdale 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

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93