GCDC4 LLC Acquires Retail Property In Davie For $2.4M
9180 W. State Road 84
$2,400,000
$750/SF
Building Size
3,200 SF
Asset Type
Retail
Closing
Dec 16, 2022
AI
A retail property located at 9180 W. State Road 84 in Davie was recently sold for $2,400,000. The property spans 3,200 square feet and has a price per square foot of $750. The transaction took place on December 16, 2022, with a cap rate of 6.2%. The property is known as CR Ridge Plaza.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 9180 W. State Road 84, Davie
- Market: Davie
- Square Footage: 3,200
- Price Per Square Foot: $750
- Cap Rate: 6.2%
The buyer of the property is GCDC4 LLC, while the seller is CR Ridge Plaza LLC. Ron Osborne, representing SperryCGA | RJ Realty, acted as the buyer's representative in the deal. The seller was represented by Stan Johnson Company.
Players
Davie 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93