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:
- Property Type: Retail
- Transaction Amount: $22,250,000
- Sale Date: 08/22/2024
- Buyer: JBL Asset Management
- Seller: Continental Realty Corporation
- Brokers: Eric Williams, Danny Finkle, Jorge Portela, Kim Flores, Michael Kavaler & Cameron Beck - JLL
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
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