Levy Realty Broker, Lielle Sosa sourced Canadian group for $20M asset in South Florida Off-market.
N State Road 7
$20,000,000
$156/SF
Building Size
128,071 SF
Asset Type
Retail
Closing
Apr 9, 2026
AI
The asset involved in this transaction is a retail shopping center located at 6806-6814 N State Rd-7 in Coconut Creek, FL. The property spans a total of 128,071 square feet and was sold for $20,000,000, which equates to a price per square foot of $156. The market for this sale is identified as Coconut Creek.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,000,000
- Sale Date: 04/10/2026
- Buyer: Ian Quint & Simon Yeramian
- Seller: Steven & Kim Fields
- Buyer's Representative: Brandon Abdelnour & Marcel Saraskin - Encore Real Estate Investment Services
- Seller's Representative: Lielle Sosa & Alan Levy - Levy Realty Advisors LLC
- Square Footage: 128,071
- Price per Square Foot: $156
This transaction showcased a Class A retail shopping center anchored by Havertys Furniture and featuring strong medical tenancy from Park Creek Surgery Center. The buyer was sourced through targeted off-market outreach conducted by Lielle Sosa, highlighting her long-term relationship building efforts. The property was acquired by a Montreal-based group looking to establish a presence in the South Florida market.
Players
Pompano Beach 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93