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10599 West Atlantic Boulevard

Q.V.H. Corp. Acquires Cypress Run Marketplace In Coral Springs For $21.32M
SOLDRetail

Q.V.H. Corp. Acquires Cypress Run Marketplace In Coral Springs For $21.32M

10599 West Atlantic Boulevard

$21,320,000

$227/SF

Building Size

93,843 SF

Asset Type

Retail

Closing

Dec 13, 2023

AI

Cypress Run Marketplace, a Walmart-anchored retail center located at 10599 West Atlantic Boulevard in Coral Springs, has been sold for $21.32 million. The property spans across 9.6 acres and consists of a total of 93,843 square feet. Under the ownership of Continental Realty Corp, it achieved full occupancy and experienced an increase in value from its previous sale price of $13.6 million in 2015.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $21,320,000
  • Address: 10599 West Atlantic Boulevard
  • Market: Coral Springs
  • Acreage: 9.6
  • Square Footage: 93,843

The buyer of Cypress Run Marketplace is Q.V.H. Corp., represented by Rolando Hernandez. The seller, Continental Realty Corp, was represented by Casey Rosen, Dennis Carson, and Sriram Rajan from CBRE. The transaction was facilitated by lender U.S. Century Bank.

Players

Dennis Carson

CBRE

Broker

$419.3M

vol

14 deals

Broker
Continental Realty Corporation
Continental Realty CorporationBrokerage
Continental Realty Corporation
Continental Realty CorporationSeller
US Century Bank
US Century BankLender

Coral Springs Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93