Yipeng Zhao Purchases Industrial Property In Coral Springs From Scott Sturrup For $5.71M
SOLD
$5,710,000
Florida
See Similar DealsIndustrial19,423 SF
Sold 01/31/2025
SOLD
Yipeng Zhao Purchases Industrial Property In Coral Springs From Scott Sturrup For $5.71M
4001 Northwest 124th Avenue
See Similar DealsIndustrial19,423 SF
Sold 01/31/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$294
Total Square Footage:19,423 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,286.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,068.31
Annual Debt Service$324,819.76
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