Triple Double Real Estate Acquires Office Property In Coral Springs For $10.5M
2825 North University Drive, Coral Springs, FL, USA
$10,500,000
$138/SF
Building Size
75,711 SF
Asset Type
Office
Closing
Nov 12, 2021
AI
The office property located at 2825-2855 N University Dr in Coral Springs has been sold for $10,500,000. Spanning over 75,711 square feet, the property was acquired by Triple Double Real Estate, represented by Avi Greenbaum. The seller, Accesso Partners, enlisted the services of Tyler S. Kuhlman and Douglas K. Mandel from Marcus & Millichap as their brokers in the transaction. The sale price translates to a price per square foot of $139.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $10,500,000
- Address: 2825-2855 N University Dr
- Market: Coral Springs
- Buyer: Triple Double Real Estate - Avi Greenbaum
- Seller: Accesso Partners
- Brokers: Tyler S. Kuhlman & Douglas K. Mandel - Marcus & Millichap
- Square Footage: 75,711
- Price per Square Foot: $139
Players
Coral Springs Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93