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4001 Northwest 124th Avenue

Yipeng Zhao Purchases Industrial Property In Coral Springs From Scott Sturrup For $5.71M
SOLDIndustrial

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

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:

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.

Players

Mark Faeth

LRM Commercial Real Estate Advisors

Broker

$47.6M

vol

13 deals

Broker

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