M. Dan Creighton Acquires Store At 1450 Coral Ridge Dr, Coral Springs, FL For $6.9M
1450 Coral Ridge Drive, Coral Springs, Florida 33071, United States
$6,875,000
$979/SF
Building Size
7,021 SF
Asset Type
Retail
Closing
Sep 12, 2022
About this deal
AI
The property involved in this transaction is a store located at 1450 Coral Ridge Dr in Coral Springs, FL. It was sold on September 13, 2022, for a price of $6,875,000. The store has a total area of 7,021 square feet, resulting in a price per square foot of $979.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $6,875,000
- Address: 1450 Coral Ridge Dr, Coral Springs, FL
- Market: Coral Springs, FL
- Square Footage: 7,021
- Price per Square Foot: $979
M. Dan Creighton acted as the buyer in this transaction, while Will J Harman represented the seller. There are no additional details available about the individuals or companies involved in this deal.
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
2.31%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93