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N State Road 7

Levy Realty Broker, Lielle Sosa sourced Canadian group for $20M asset in South Florida Off-market.
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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:

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

Alan Levy

Levy Realty Advisors

Broker

$95.2M

vol

4 deals

Broker

Ian Quint

Buyer

$40M

vol

2 deals

Buyer

Steven Fields

Seller

$40M

vol

2 deals

Seller

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