Frank Baker & Sharon Baker Acquire Parking Lot In Coral Springs, FL For $5.5M
12341 West Sample Road, Coral Springs, Florida 33065, United States
$5,500,000
Building Size
—
Asset Type
Other
Closing
Jan 4, 2022
About this deal
AI
The parking lot located at 12339-12341 W Sample Rd in Coral Springs, FL has been sold in a recent transaction. The deal was finalized on January 5, 2022, with Pan American Sites Inc selling the property to Frank Baker and Sharon Baker for a price of $5,500,000.
Summary of transaction details:
- Property Type: Parking Lot
- Transaction Amount: $5,500,000
- Address: 12339-12341 W Sample Rd, Coral Springs, FL
- Market: Coral Springs, FL
Frank Baker and Sharon Baker were the buyers in this transaction, while Pan American Sites Inc acted as the seller. The deal represents a significant investment in the parking lot asset in Coral Springs, FL.
Players
Coral Springs Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
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