Dr. Wiqar Sheikh Acquires Office Building At 1844 N University Dr In Coral Springs
1844 North University Drive
$2,300,000
$299/SF
Building Size
7,686 SF
Asset Type
Office
Closing
Aug 31, 2022
About this deal
AI
A 7,686 square foot office property located at 1844 N University Dr in Coral Springs has been sold for $2,300,000. The property was purchased by Dr. Wiqar Sheikh from Richard Limehouse. The sale was facilitated by brokers Elon Gerberg and Adam H. Klein from SVN Commercial Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,300,000
- Address: 1844 N University Dr, Coral Springs
- Market: Coral Springs
- Buyer: Dr. Wiqar Sheikh
- Seller: Richard Limehouse
- Brokers: Elon Gerberg & Adam H. Klein - SVN Commercial Partners
- Square Footage: 7,686
- Price per Square Foot: $299
Dr. Wiqar Sheikh has acquired the 7,686 square foot office property located at 1844 N University Dr in Coral Springs from Richard Limehouse. The transaction was successfully negotiated by brokers Elon Gerberg and Adam H. Klein from SVN Commercial Partners.
Players
Pembroke Pines 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93