Jaime Conesa Purchases Industrial Property In Coral Springs For $1.8M With Kirk Nelson And Mark Faeth As Representatives
12457 Northwest 44th Street
$1,800,000
$405/SF
Building Size
4,443 SF
Asset Type
Industrial
Closing
Mar 1, 2026
AI
This industrial asset located at 12457 Northwest 44th Street in Coral Springs was recently sold for $1,800,000. The property encompasses a total area of 4,443 square feet, translating to a price per square foot of $405.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,800,000
- Address: 12457 Northwest 44th Street
- Market: Coral Springs
- Buyer: Jaime Conesa
- Seller: William Siebold
- Buyer's Representative: Kirk Nelson - CBRE
- Seller's Representative: Mark Faeth - LRM CREA
The transaction featured a notable collaboration between the representatives, with Kirk Nelson from CBRE acting on behalf of the buyer, while Mark Faeth from LRM CREA represented the seller in this deal.
Coral Springs Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93