JBL Asset Management Acquires Retail Property In Davie From Continental Realty Corporation For $22.25M
SOLD
$22,250,000
+ 3
Florida
See Similar DealsRetail138,554 SF
Sold 08/22/2024
SOLD
JBL Asset Management Acquires Retail Property In Davie From Continental Realty Corporation For $22.25M
9000 Florida Highway 84
See Similar DealsRetail138,554 SF
Sold 08/22/2024
+ 3
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$160
Total Square Footage:138,554 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,049.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$105,476.35
Annual Debt Service$1,265,716.22
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