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3251 Northwest 101st Avenue...

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

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

William Taussig

Marcus & Millichap

Broker

$2.9M

vol

1 deal

Broker

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