Updated Feb 5, 2025
Lennar Homes Acquires Development Site In Coral Springs For $8.5M
Wiles Rd, Coral Springs, FL 33076, USA
$8,500,000
$12/SF
Building Size
683,892 SF
Asset Type
Development Site
Closing
Aug 5, 2021
About this deal
AI
A development site located at Wiles Rd. Coral Springs FL 33076 in the Coral Springs market has been sold for $8,500,000. The property spans 15.7 acres, resulting in a price per acre (PPA) of $541,401. The transaction took place on August 6, 2021. Roberto Susi from Axiom Capital Advisors represented both the buyer, Lennar Homes, and the seller, Jeffrey L. Greenberg.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,500,000
- Address: Wiles Rd. Coral Springs FL 33076
- Market: Coral Springs
- Acres: 15.7
- PPA: $541,401
The deal was facilitated by Roberto Susi, a representative from Axiom Capital Advisors. Both the buyer, Lennar Homes, and the seller, Jeffrey L. Greenberg, were represented by Roberto Susi.
Players
Coral Springs Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93