Iqbal G Panjwani Acquires Automotive Property In Coral Springs For $2.75M
SOLD
$2,750,000
Florida
See Similar DealsOther2,992 SF
Sold 04/12/2022
SOLD
Iqbal G Panjwani Acquires Automotive Property In Coral Springs For $2.75M
2290 Coral Springs Drive, Coral Springs, Florida 33071, United States
See Similar DealsOther2,992 SF
Sold 04/12/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$919
Total Square Footage:2,992 SF
Transaction Type:Sale
An automotive property located at 2290 Coral Springs Dr in Coral Springs, FL has been sold. The property spans 2,992 square feet and was sold for a price of $2,750,000, resulting in a price per square foot of $919.
Summary of transaction details
- Property Type: Automotive
- Transaction Amount: $2,750,000
- Address: 2290 Coral Springs Dr, Coral Springs, FL
- Market: Coral Springs, FL
- Buyer: Iqbal G Panjwani
- Seller: Shoib Khan & Nafees Siddiqui
Iqbal G Panjwani acted as the buyer in this transaction, while Shoib Khan & Nafees Siddiqui represented the seller. The sale of this automotive property demonstrates the ongoing activity in the Coral Springs real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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