Matthew Mirones Acquires Coral Springs Office Building For $2.1M
SOLD
$2,100,000
Florida
See Similar DealsOffice3,609 SF
Sold 04/26/2022
SOLD
Matthew Mirones Acquires Coral Springs Office Building For $2.1M
12462 West Atlantic Boulevard, Coral Springs, Florida 33063, United States
See Similar DealsOffice3,609 SF
Sold 04/26/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$581
Total Square Footage:3,609 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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