DLY, LLC Acquires School In Coral Springs For $2.85M
3251 Northwest 101st Avenue, Coral Springs, FL, USA
$2,850,000
$140/SF
Building Size
20,316 SF
Asset Type
Other
Closing
Feb 10, 2021
AI
Located at 3251 NW 101st Avenue in Coral Springs, this school property was recently sold in a transaction on 02/11/2021. The property, with a total square footage of 20,316, was purchased by DLY, LLC for a price of $2,850,000, resulting in a price per square foot of $140. The seller in this deal was North Broward Preparatory Schools, LLC. The buyer was represented by Todd H. Weaver from Weaver Morrison Commercial Real Estate and Gerri A. Weits from National School Developers. On the other side, the seller was represented by William Taussig from Marcus & Millichap.
Summary of Transaction Details:
- Property Type: School
- Transaction Amount: $2,850,000
- Address: 3251 NW 101st Avenue
- Market: Coral Springs
- Square Footage: 20,316
- Price per Square Foot: $140
This successful transaction not only involved the buyers and sellers mentioned above but also highlighted the importance of their respective representatives in the deal. Todd H. Weaver from Weaver Morrison Commercial Real Estate and Gerri A. Weits from National School Developers represented the buyer, DLY, LLC. On the other hand, William Taussig from Marcus & Millichap represented the seller, North Broward Preparatory Schools, LLC.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93