Updated Oct 28, 2024
Barings Acquires Industrial Property In Coral Springs For $31M
3850 Northwest 126th Avenue, Coral Springs, Florida 33065, United States
$31,000,000
$241/SF
Building Size
128,563 SF
Asset Type
Industrial
Closing
Apr 13, 2022
About this deal
AI
The industrial property located at 3850 & 3872 NW 126th Ave in Coral Springs has been sold for a price of $31,000,000. The property spans across approximately 7 acres and offers a total square footage of 128,563. The buyer of the property is Barings, represented by Mike Freno.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $31,000,000
- Address: 3850 & 3872 NW 126th Ave, Coral Springs
- Market: Coral Springs
- Acres: 7
- Square Footage: 128,563
- Buyer: Barings
- Buyer's Representative: Mike Freno - Barings
This transaction involved the sale of an industrial property in Coral Springs. Barings, represented by Mike Freno, acquired the property for a price of $31,000,000. The property spans across 7 acres and offers a total square footage of 128,563.
Players
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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93