Sumit Sawhney Acquires Office Building In Coral Springs, FL For $2.5M
3080 Northwest 99th Avenue, Coral Springs, Florida 33065, United States
$2,500,000
$118/SF
Building Size
21,126 SF
Asset Type
Office
Closing
Jul 4, 2022
About this deal
AI
An office building located at 3080 NW 99th Ave in Coral Springs, FL has been sold in a recent transaction. The property spans across 21,126 square feet and was sold for $2,500,000, resulting in a price per square foot of $118.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $2,500,000
- Address: 3080 NW 99th Ave, Coral Springs, FL
- Market: Coral Springs, FL
- Buyer: Sumit Sawhney
- Seller: Adnan Kabbara
- Square Footage: 21,126
- Price per Square Foot: $118
Sumit Sawhney is the buyer of the property, while Adnan Kabbara is the seller. The transaction marks the successful sale of the office building in Coral Springs, Florida.
Players
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93