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DLY, LLC Acquires School In Coral Springs For $2.85M

Property Image
SOLD
$2,850,000

Florida

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Other20,316 SF
Sold 02/11/2021
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Property Image
SOLD

DLY, LLC Acquires School In Coral Springs For $2.85M

3251 Northwest 101st Avenue, Coral Springs, FL, USA

See Similar Deals
Other20,316 SF
Sold 02/11/2021
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$140
Total Square Footage:20,316 SF
Transaction Type:Sale

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

William Taussig
1 deal$2.9M volume
BROKER

Gerri Weits
1 deal$2.9M volume
BROKER

Todd Weaver
Weaver Morrison Commercial Real
1 deal$2.9M volume
BROKER

Details

SOLD
IMAGE: Todd H. Weaver DATE: 02/11/2021 ADDRESS: 3251 NW 101st Avenue MARKET: Coral Springs ASSET TYPE: School BUYER: DLY, LLC SELLER: North Broward Preparatory Schools, LLC. BUYER'S REP: Todd H. Weaver - Weaver Morrison Commercial Real Estate & Gerri A. Weits - National School Developers SELLER'S REP: William Taussig - Marcus & Millichap PRICE: $2,850,000 SF: 20,316 ~ PPSF: $140

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$151,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45