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.
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