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Perkins Realty Management Acquires Coral Springs Retail Property For $10.15M

Property Image
SOLD
$10,150,000

Florida

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Retail42 SF
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Property Image
SOLD

Perkins Realty Management Acquires Coral Springs Retail Property For $10.15M

10400 West Atlantic Boulevard

See Similar Deals
Retail42 SF
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$241,666
Total Square Footage:42 SF
Transaction Type:Sale

The off-market sale of Cypress Woods Plaza, a 42,395 square foot retail property located at 10400-10462 Atlantic Boulevard in Coral Springs, Florida, has been successfully completed. The transaction took place on December 23, 2022, with a sale price of $10,150,000 at a price per square foot of $239.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,150,000
  • Square Footage: 42,395
  • Address: 10400-10462 Atlantic Boulevard, Coral Springs, Florida
  • Market: Coral Springs

The buyer, Andrew Perkins, represented by Perkins Realty Management, was assisted by Kimberly Lewis from KG Commercial at Compass. On the seller's side, Jeremy Milgroom from Grafeno Realty and Donald Shapiro from KG Commercial at Compass acted as the representatives.

KG Commercial at Compass, a boutique commercial real estate firm specializing in investment sales, financing, leasing, and 1031 exchanges, was pleased to facilitate this transaction. For more information, please reach out to Kimberly Lewis at [email protected] or visit their website at www.kg-commercial.com.

Players

Donald Shapiro
10 deals$58.8M volume
BROKER

Jeremy Milgroom
JAJ Realty
6 deals$54.4M volume(954) 554-9852
BROKER

Details

SOLD
IMAGE: Kimberly Lewis, Donald Shapiro & Jeremy Milgroom DATE: 12/23/2022 ADDRESS: 10400-10462 Atlantic Boulevard MARKET: Coral Springs ASSET TYPE: Retail BUYER: Andrew Perkins (@Andrew_from_Boca) - Perkins Realty Management BUYER'S REP: Kimberly Lewis - KG Commercial (@KG_Commercial) - Compass SELLER'S REP: Jeremy Milgroom (@JMilgroom) - Grafeno Realty (@GrafenoRealty); Donald Shapiro - KG Commercial - Compass (@Compass) (@CompassFl) SALE PRICE: $10,150,000 SF: 42,395 ~ PPSF: $239 NOTE FROM BROKERS: KG Commercial at Compass (@kgcommercial) was pleased to represent the Buyer in the off-market sale of Cypress Woods Plaza, a 42K SF shopping center located in Coral Springs, Florida. Grafeno Realty represented the Seller. KG Commercial is a boutique commercial real estate firm specializing in investment sales, financing, leasing and 1031 exchanges. For more information, reach out to us at [email protected] or www.kg-commercial.com.

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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