Updated Dec 18, 2023
The Island Acquires Commercial Property In Coral Springs For $5.73M
8931 West Atlantic Boulevard, Coral Springs, Florida 33071, United States
$5,730,000
$764/SF
Building Size
7,500 SF
Asset Type
Commercial
Closing
Jul 18, 2022
About this deal
AI
An Outparcel at Coral Springs II located at 8931-8947 W Atlantic Blvd in Coral Springs was recently sold for a price of $5,730,000. The commercial property spans 7,500 square feet and was purchased at a rate of $764 per square foot. The transaction took place on July 19, 2022.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $5,730,000
- Square Footage: 7,500
- Address: 8931-8947 W Atlantic Blvd - The Outparcel at Coral Springs II
- Market: Coral Springs
Ingrid Andres and Greg Gringruz from The Island represented the buyer, while Alex Sharrin from JLL represented the seller in this transaction. The deal was closed, funded, and purchased below the appraised value.
On the Map
$5,730,000
$764/SF
Commercial
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Coral Springs Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.77%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93