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Specialized Towing Acquires Mixed-Use Property In Coral Springs For $3.8M

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SOLD
$3,800,000

Florida

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Mixed-use18,425 SF
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SOLD

Specialized Towing Acquires Mixed-Use Property In Coral Springs For $3.8M

11950 Northwest 39th Street, Coral Springs, FL, USA

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Mixed-use18,425 SF
Sold
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$206
Total Square Footage:18425 SF
Transaction Type:Sale

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.

Players

Yuri Quispe
3 deals$13.3M volume
BROKER

Franklin Morrison
Weaver Morrison Commercial Real
4 deals$11.3M volume
BROKER

Details

SOLD
IMAGE: Franklin B. Morrison & Yuri Quispe DATE: 12/20/2020 ADDRESS: 11950 Northwest 39th Street MARKET: Coral Springs ASSET TYPE: Mixed-use BUYER: Specialized Towing SELLER: Arrow Communications Enterprises BUYER'S REP: Franklin B. Morrison - Weaver Morrison Commercial Real Estate SELLER'S REP: Yuri Quispe - CBRE PRICE: $3,800,000 SF: 18,425 ~ PPSF: $206

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
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