Matthew Mirones Acquires Coral Springs Office Building For $2.1M
12462 West Atlantic Boulevard, Coral Springs, Florida 33063, United States
$2,100,000
$581/SF
Building Size
3,609 SF
Asset Type
Office
Closing
Apr 25, 2022
About this deal
AI
A 3,609 square-foot office building located at 12460-12462 W Atlantic Blvd in Coral Springs, FL has been sold for $2,100,000. The property was purchased by Matthew Mirones from Steven Y. Karp and Elliot S. Melamed.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $2,100,000
- Address: 12460-12462 W Atlantic Blvd, Coral Springs, FL
- Market: Coral Springs, FL
- Square Footage: 3,609 SF
- Price Per Square Foot: $582
Matthew Mirones represented himself as the buyer in this transaction. Steven Y. Karp and Elliot S. Melamed were represented by their respective broker representatives in the deal.
On the Map
$2,100,000
$581/SF
Office
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Coral Springs Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93