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

Property Image
SOLD
$5,100,000
Jaime Sturgis
Dan Ross

Florida

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Retail34,422 SF
Sold 11/15/2024
the dealplayerscompscontact
Property Image
SOLD

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

8106 North University Drive

See Similar Deals
Retail34,422 SF
Sold 11/15/2024
Jaime Sturgis
Dan Ross
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$148
Total Square Footage:34,422 SF
Transaction Type:Sale

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
Jaime Sturgis
47 deals$234.1M volume
BROKER
Dan Ross
Native Realty
Dan Ross
9 deals$45.5M volume
BROKER

Details

SOLD
IMAGE: Dan Ross, Jaime Sturgis & Bill Sahni DATE: 11/15/2024 ADDRESS: 8106-8186 North University Drive MARKET: Tamarac ASSET TYPE: Retail BUYER: Bill Sahni SELLER: Ira Strachman BROKERS: Dan Ross (@OnlyDanRoss) & Jaime Sturgis (@JaimeSturgis) - Native Realty (@NativeRealty) SALE PRICE: $5,100,000 SF: 34,422 ~ PPSF: $148 NOTE FROM BROKER: Native Realty sourced and quickly sold this off-market, value-add shopping center by utilizing our extensive local knowledge and long term relationships. We consistently have a hefty pipeline of both on and off-market opportunities in South Florida. Contact us anytime to discuss. Let's do some deals together!

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$271,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22