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Key International & 13th FL Investments Acquire Development Site In Coral Springs For $8M

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SOLD
$8,000,000

Florida

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Development Site182,952 SF
Sold 05/31/2023
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Property Image
SOLD

Key International & 13th FL Investments Acquire Development Site In Coral Springs For $8M

3451 N University Dr Coral Springs, FL 33065, USA

See Similar Deals
Development Site182,952 SF
Sold 05/31/2023
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$43
Total Square Footage:182,952 SF
Transaction Type:Sale

The development site located at 3451 North University Drive in Coral Springs has been sold for $8,000,000. The property spans 182,952 square feet and has a price per square foot of $44. It consists of 377 units, with a price per unit of $21,220. Additionally, there is a retail space measuring 11,525 square feet.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $8,000,000
  • Address: 3451 North University Drive
  • Market: Coral Springs
  • Square Footage: 182,952
  • Price per Square Foot: $44
  • Units: 377
  • Price per Unit: $21,220
  • Retail Space: 11,525 square feet

The buyers of the property are Key International and 13th FL Investments, represented by Inigo Ardid, Martin Aranzabe, and Michael Vassilaros. The seller in this transaction is Publix. The buyer's representative, Roberto Susi from Axiom Capital Advisors, facilitated the deal.

Note from the buyer's representative: We specialize in sourcing and facilitating off-market transactions with brokers and property owners continuously trusting us to deliver. Brokers - submit your deals to us and together we will make it happen (you can keep your brokerage fee all to yourself). Please contact me at [email protected].

Players

Roberto Susi
70 deals$895.7M volume
BROKER

SELLER

Details

SOLD
IMAGE: Inigo Ardid, Martin Aranzabe, Roberto Susi & Michael Vassilaros DATE: 05/31/2023 ADDRESS: 3451 North University Drive MARKET: Coral Springs ASSET TYPE: Development Site BUYER: Key International & 13th FL Investments - Inigo Ardid, Martin Aranzabe & Michael Vassilaros SELLER: Publix BUYER'S REP: Roberto Susi - Axiom Capital Advisors SALE PRICE: $8,000,000 SF: 182,952 ~ PPSF: $44 UNITS: 377 ~ PPU: 21,220 RETAIL SF: 11,525 NOTE FROM BUYER'S REP: We specialize in sourcing and facilitating off-market transactions with brokers and property owners continuously trusting us to deliver. Brokers - submit your deals to us and together we will make it happen (you can keep your brokerage fee all to yourself). Please contact me at [email protected]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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