Updated Feb 4, 2025
Yipeng Zhao Purchases Industrial Property In Coral Springs From Scott Sturrup For $5.71M
4001 Northwest 124th Avenue
$5,710,000
$294/SF
Building Size
19,423 SF
Asset Type
Industrial
Closing
Jan 31, 2025
About this deal
AI
This industrial asset, located at 4001 Northwest 124th Avenue in Coral Springs, was sold for $5,710,000. The property encompasses 19,423 square feet, resulting in a price per square foot of $293.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,710,000
- Square Footage: 19,423
- Price Per Square Foot: $293
- Buyer: Yipeng Zhao
- Seller: Scott Sturrup
- Brokers: Nick Watson - Matthews Real Estate Investment Services
- Brokers: Mark Faeth - LRM CREA
This transaction involved notable parties including buyer Yipeng Zhao and seller Scott Sturrup, facilitated by brokers Nick Watson and Mark Faeth, who represented their respective clients in this deal.
On the Map
$5,710,000
$294/SF
Industrial
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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
2.78%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93