Updated Oct 29, 2024
Cusano’s Italian Bakery Acquires Industrial Property In Coconut Creek For $13.6M
6814 N State Rd 7, Coconut Creek, FL, USA
$13,600,000
$33/SF
Building Size
411,337 SF
Asset Type
Industrial
Closing
Apr 16, 2020
About this deal
AI
An industrial property located at 6814 North State Rd 7 in Coconut Creek has been sold for a price of $13,600,000. The property spans an area of 411,337 square feet. The buyer of the property is Cusano's Italian Bakery, represented by Michael Salvatore and Santo Greco. The seller, Coconut Fields LLC, was represented by Fields Realty. The price per square foot for this transaction is $33.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,600,000
- Address: 6814 North State Rd 7
- Market: Coconut Creek
Cusano's Italian Bakery, represented by Michael Salvatore and Santo Greco, acquired the industrial property located at 6814 North State Rd 7 in Coconut Creek. The property was sold by Coconut Fields LLC, with representation from Fields Realty.
Players
Coconut Creek 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
1.17%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93