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8106 North University Drive

Bill Sahni Purchases Retail Center On North University Drive In Tamarac For $5.1M
SOLDRetail

Bill Sahni Purchases Retail Center On North University Drive In Tamarac For $5.1M

8106 North University Drive

$5,100,000

$148/SF

Building Size

34,422 SF

Asset Type

Retail

Closing

Nov 15, 2024

AI

The asset involved in the transaction is a retail property located at 8106-8186 North University Drive in the Tamarac market. The sale price for the property was $5,100,000, with a total square footage of 34,422 and a price per square foot of $148.

Summary of transaction details:

Dan Ross and Jaime Sturgis from Native Realty represented the buyer and seller in this off-market transaction. Native Realty leveraged extensive local knowledge and long-term relationships to efficiently facilitate the sale of this value-add shopping center.

Players

Jaime Sturgis

Native Realty

Broker

$243M

vol

48 deals

Broker

Tamarac 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

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93