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:
- Property Type: Retail
- Transaction Amount: $5,100,000
- Buyer: Bill Sahni
- Seller: Ira Strachman
- Brokers: Dan Ross & Jaime Sturgis - Native Realty
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
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