Boulder Hotel East LLC Acquires Property From Vista Hospitality For $16.25M In Coral Springs
620 N University Dr, Coral Springs, FL...
$16,250,000
$265/SF
Building Size
61,305 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property at 620 N University Dr, Coral Springs, FL, is a commercial asset located in the Plantation market. The property has a total area of 61,305 square feet and was sold for $16,250,000.00.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $16,250,000.00
- Address: 620 N University Dr, Coral Springs, FL
- Market: Plantation
- Buyer: Boulder Hotel East LLC
- Seller: Vista Hospitality
- Buyer's Representative: Bryan Gipson - HTL Hospitality Advisors
The transaction involved Boulder Hotel East LLC as the buyer and Vista Hospitality as the seller. The deal was facilitated by Bryan Gipson, representing the buyer in this transaction.
On the Map
$16,250,000
$265/SF
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Players
Plantation CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93