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4000 Northwest 124th Avenue...

4000-4006 NW 124th Avenue Industrial Property In Coral Springs Sold For $12M With McCraney Property Co - Steven McCraney As Seller
SOLDIndustrial

4000-4006 NW 124th Avenue Industrial Property In Coral Springs Sold For $12M With McCraney Property Co - Steven McCraney As Seller

4000 Northwest 124th Avenue, Coral Springs, Florida 33065, United States

$12,000,000

$223/SF

Building Size

53,787 SF

Asset Type

Industrial

Closing

Jan 1, 2022

AI

A 3.1-acre industrial property located at 4000-4006 NW 124th Avenue in Coral Springs has been sold for $12,000,000. The property, with a total square footage of 53,787, was purchased by 4000-4006 NW 124th Avenue Coral Springs LLC. The sale price equates to a price per square foot of $223.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $12,000,000
  • Square Feet: 53,787
  • Address: 4000-4006 NW 124th Avenue, Coral Springs
  • Market: Coral Springs

The seller of the property was McCraney Property Co, represented by Steven McCraney. The buyer, 4000-4006 NW 124th Avenue Coral Springs LLC, acquired the industrial property in this transaction.

Players

Steven E. McCraney

McCraney Property Co

Seller

$319.1M

vol

8 deals

Seller

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

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93