Specialized Towing Acquires Mixed-Use Property In Coral Springs For $3.8M
11950 Northwest 39th Street, Coral Springs, FL, USA
$3,800,000
$206/SF
Building Size
18,425 SF
Asset Type
Mixed-use
Closing
Dec 19, 2020
About this deal
AI
The mixed-use property located at 11950 Northwest 39th Street in Coral Springs has been sold. The transaction took place on December 20, 2020, with a sale price of $3,800,000. The property spans a total of 18,425 square feet, resulting in a price per square foot of $206.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,800,000
- Address: 11950 Northwest 39th Street, Coral Springs
- Market: Coral Springs
The buyer in this transaction was Specialized Towing, and they were represented by Franklin B. Morrison from Weaver Morrison Commercial Real Estate. The seller, Arrow Communications Enterprises, was represented by Yuri Quispe from CBRE.
On the Map
$3,800,000
$206/SF
Mixed-use
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Players
Coral Springs Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93