Updated Dec 5, 2024
Elion Partners Acquires Industrial Property In Coral Springs For $7.2M With Buyer's Rep Jose Sasson & Roberto Susi - Axiom Capital Advisors, Seller's Rep Tom Robertson & Michael Rauch - Rauch Robertson Commercial Realty Advisors
3900 Coral Ridge Drive, Coral Springs, FL, USA
$7,200,000
$89/SF
Building Size
80,718 SF
Asset Type
Industrial
Closing
Jul 1, 2020
About this deal
AI
Located at 3900 Coral Ridge Drive in Coral Springs, this industrial property was recently sold in a transaction on 07/02/2020. The property covers an area of 80,718 square feet and was sold for a price of $7,200,000, resulting in a price per square foot of $89. The buyer in this transaction was Elion Partners, while the seller was Steve Leffler.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,200,000
- Address: 3900 Coral Ridge Drive, Coral Springs
- Market: Coral Springs
- Square Footage: 80,718
- Price per Square Foot: $89
Representing the buyer Elion Partners, the deal was facilitated by brokers Jose Sasson and Roberto Susi from Axiom Capital Advisors, as well as Tom Robertson and Michael Rauch from Rauch Robertson Commercial Realty Advisors.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93