Charles Chung & Mike Aitcheson Acquire Education Property In Coral Springs, FL For $5.5M
10044 Northwest 31st Street, Coral Springs, Florida 33065, United States
$5,500,000
$406/SF
Building Size
13,538 SF
Asset Type
Other
Closing
Jun 6, 2022
About this deal
AI
The education property located at 10044 NW 31st St in Coral Springs, FL was recently sold in a transaction on June 7, 2022. The property spans across 13,538 square feet and was sold for a price of $5,500,000, resulting in a price per square foot of $406.
Summary of transaction details
- Property Type: Education
- Transaction Amount: $5,500,000
- Address: 10044 NW 31st St, Coral Springs, FL
- Market: Coral Springs, FL
The buyers of the property were Charles Chung and Mike Aitcheson, while Andrew Fitzmaurice acted as the seller in this transaction.
Players
Coral Springs Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93