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3900 Coral Ridge Drive, Cor...

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
SOLDIndustrial

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

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$943.7M

vol

83 deals

Broker
Elion Partners
Elion PartnersBrokerage
Elion Partners
Elion PartnersBuyer

Coral Springs Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $89 per square foot on a published $7.2M for 80,718 square feet (2020).

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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

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