Zenix Properties Acquires Retail Property On West McNab Rd, North Lauderdale For $13.6M
SOLD
$13,575,000
Florida
See Similar DealsRetail39,650 SF
Sold 09/27/2021
SOLD
Zenix Properties Acquires Retail Property On West McNab Rd, North Lauderdale For $13.6M
7910 West Mcnab Road
See Similar DealsRetail39,650 SF
Sold 09/27/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$342
Total Square Footage:39,650 SF
Transaction Type:Sale
A retail property in North Lauderdale has been sold for $13,575,000. The property, located at 7910 West McNab Rd, spans an area of 4.46 acres. The transaction took place on September 27, 2021. The retail property has a total square footage of 39,650, resulting in a price per square foot of $342.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,575,000
- Address: 7910 West McNab Rd, North Lauderdale
- Market: North Lauderdale
- Acres: 4.46
The buyer, Zenix Properties LLC, represented by Roberto Alberro, acquired the property from the seller, Arena North Lauderdale Shoppes LLC. The sale was facilitated by brokers Adam J. Tiktin and Greg Matus, who work at Franklin Street. Adam J. Tiktin and Greg Matus were the representatives for both the buyer and the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$724,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,229.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,352.43
Annual Debt Service$772,229.11
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