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9010 West Commercial Boulev...

Global Fund Investment Acquires Sunrise Retail Property For $17.4M
SOLDRetail

Global Fund Investment Acquires Sunrise Retail Property For $17.4M

9010 West Commercial Boulevard, Sunrise, FL, USA

$17,400,000

$211/SF

Building Size

82,126 SF

Asset Type

Retail

Closing

Aug 9, 2020

AI

The retail property located at 9010-9370 West Commercial Blvd in Sunrise has been sold in a recent transaction. The property spans a total of 82,126 square feet and is situated on 11.7 acres of land. The sale price for this asset was $17,400,000, resulting in a price per square foot of $212 and a price per acre of $1,487,179. The transaction took place on 08/09/2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $17,400,000
  • Address: 9010-9370 West Commercial Blvd, Sunrise
  • Market: Sunrise

The buyer of this retail property is Global Fund Investment, represented by Doron Valero. On the other hand, the seller is Principal Real Estate. The sale was facilitated by the brokers Adam Feinstein and Mitchell Halpern from Cushman & Wakefield.

Players

Adam Feinstein

Cushman & Wakefield

Broker

$523.9M

vol

13 deals

Broker
Doron Valero

Doron Valero

Buyer

$88.2M

vol

4 deals

Buyer
GI
Global Fund InvestmentsBuyer
PE
Principal Real EstateSeller

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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93