Perkins Realty Management Acquires Coral Springs Retail Property For $10.15M
10400 West Atlantic Boulevard
$10,150,000
$241,666/SF
Building Size
42 SF
Asset Type
Retail
Closing
Apr 17, 2023
AI
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
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
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93