Justin Brown Acquires Coral Springs Office Building For $3.5M
4500 North University Drive, Coral Springs, Florida 33065, United States
$3,500,000
$327/SF
Building Size
10,705 SF
Asset Type
Office
Closing
Aug 30, 2022
About this deal
AI
An office building located at 4500 University Dr in Coral Springs, FL was recently sold for $3,500,000. The property spans 10,705 square feet, resulting in a price per square foot of $326.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $3,500,000
- Address: 4500 University Dr
- Market: Coral Springs, FL
Justin Brown purchased the office building from Ronald R Cory & Nadine Cory.
The office sale at 4500 North University Drive, Coral Springs, Florida 33065, United States in Coral Springs, Florida sold for $3.5M in 2022. The building is 10,705 square feet, implying about 327 per square foot on the published price. This page is the Coral Springs, Florida file for the 4500 North University Drive, Coral Springs, Florida 33065, United States office sold: pricing, party profiles, and other closed office comps from the same Coral Springs sit in the Market section below. Filter that Coral Springs office set by closing date to see what else sold near 4500 North University Drive, Coral Springs, Florida 33065, United States around 2022. Published consideration for 4500 North University Drive, Coral Springs, Florida 33065, United States is $3.5M, dated 2022. Cite this Justin Brown Acquires Coral Springs Office Building For $3.5M sale when underwriting similar office product around Coral Springs, Florida.
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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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93