Updated Oct 9, 2026
Carl E. Klepper Jr. Of Compson Associates Acquires Development Site In Coral Springs For $11.15M
9551 West Sample Road
$11,150,000
Building Size
—
Asset Type
Development Site
Closing
Oct 5, 2026
About this deal
AI
A four-acre mixed-use development site located at 9551 West Sample Road in Coral Springs, Florida has been sold for $11,150,000. This transaction was partially financed with an $8 million mortgage from Paradise Bank.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $11,150,000
- Buyer: Carl E. Klepper Jr. - Compson Associates
- Seller: George Rahael - Amera Downtown Development Co.
- Lender: Paradise Bank
The development site acquisition allows Compson Associates to initiate The Hayden project, which plans to include 300 apartments, 21,238 square feet of commercial space, and 495 parking spaces, with construction expected to commence in the first quarter of 2027.
On the Map
$11,150,000
Development Site
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Cloverport Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93