Updated Nov 24, 2025
Wells Fargo Bank Provides $51.4M Loan For Development Site In Coral Springs
12000 Northwest 39th Street, Coral Springs, Florida 33065, United States
$51,350,000
Building Size
—
Asset Type
Development Site
Closing
Jul 25, 2022
About this deal
AI
The development site located at 12000 NW 39th Street in Coral Springs has been involved in a closed transaction. The property spans over 22.2 acres and is owned by Foundry Commercial, represented by Paul Ellis.
Summary of transaction details:
- Property Type: Development Site
- Transaction Date: 07/26/2022
- Market: Coral Springs
- Address: 12000 NW 39th Street
- Landlord: Foundry Commercial - Paul Ellis
- Lender: Wells Fargo Bank
- Loan Amount: $51,350,000
Wells Fargo Bank provided a loan of $51,350,000 for this transaction. The involvement of Paul Ellis from Foundry Commercial as the landlord's representative signifies their role in the deal.
On the Map
$51,350,000
Development Site
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Players
Coral Springs Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93