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
Sunrise 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93