James H Batmasian Acquires Store On Wiles Rd In Coral Springs, FL For $4.25M
SOLD
$4,250,000
Florida
See Similar DealsRetail22,183 SF
Sold 04/18/2022
SOLD
James H Batmasian Acquires Store On Wiles Rd In Coral Springs, FL For $4.25M
10750 Wiles Road, Coral Springs, Florida 33076, United States
See Similar DealsRetail22,183 SF
Sold 04/18/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$191
Total Square Footage:22,183 SF
Transaction Type:Sale
The property at 10750 Wiles Rd in Coral Springs, FL has been sold. The store, with a total square footage of 22,183, was purchased by James H Batmasian. The seller, Phyllis Robinson & Hinda Bramnick, agreed to a sale price of $4,250,000. This translates to a price per square foot of $191.
Summary of transaction details:
- Property Type: Store
- Transaction Amount: $4,250,000
- Address: 10750 Wiles Rd, Coral Springs, FL
- Buyer: James H Batmasian
- Seller: Phyllis Robinson & Hinda Bramnick
- Square Footage: 22,183
- Price per Square Foot: $191
This transaction involved the buyer, James H Batmasian, and the seller, Phyllis Robinson & Hinda Bramnick. The deal was successfully concluded, resulting in the sale of the store property at 10750 Wiles Rd in Coral Springs, FL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02
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