Michael Reiter Acquires Retail Property In Coral Springs For $5.17M
10350 Royal Palm Boulevard, Coral Springs, Florida 33065, United States
$5,175,000
$347/SF
Building Size
14,877 SF
Asset Type
Retail
Closing
Aug 29, 2022
About this deal
AI
The retail property located at 10350 Royal Palm Blvd in Coral Springs, FL has been sold in a recent transaction. The property spans 14,877 square feet and was sold for a total price of $5,175,000, resulting in a price per square foot of $347.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,175,000
- Address: 10350 Royal Palm Blvd, Coral Springs, FL
- Market: Coral Springs, FL
- Buyer: Michael Reiter
- Seller: John Standley & Brian Brown
In this deal, Michael Reiter acted as the buyer, while John Standley & Brian Brown represented the seller's interests.
Players
Coral Springs Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.07%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93