One Global Property Management Acquires Retail Property In Coral Springs For $14.5M
1750 North University Drive, Coral Springs, FL, USA
$14,500,000
$310/SF
Building Size
46,712 SF
Asset Type
Retail
Closing
Aug 11, 2021
About this deal
AI
1750 N. University Drive in Coral Springs has been sold in a recent transaction. The retail property, with a total area of 46,712 square feet, was sold for $14,500,000. The selling price reflects a per square foot price of $310. The property is located in the market of Coral Springs.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,500,000
- Address: 1750 N. University Drive
- Market: Coral Springs
One Global Property Management acquired the property from 1750 University Holdings LLC. The transaction was facilitated by Colliers International, representing both the buyer and the seller.
On the Map
$14,500,000
$310/SF
Retail
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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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93