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
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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93