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10750 Wiles Road, Coral Spr...

James H Batmasian Acquires Store On Wiles Rd In Coral Springs, FL For $4.25M
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James H Batmasian Acquires Store On Wiles Rd In Coral Springs, FL For $4.25M

10750 Wiles Road, Coral Springs, Florida 33076, United States

$4,250,000

$191/SF

Building Size

22,183 SF

Asset Type

Retail

Closing

Apr 17, 2022

AI

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.

Players

James Batmasian

Investments Limited

Broker

$223.9M

vol

15 deals

Broker
James Batmasian

James Batmasian

Investments Limited

Buyer

$223.9M

vol

15 deals

Buyer

Hinda A Bramnick

Seller

$14.8M

vol

2 deals

Seller

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

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93