Deborah A Shannon's Mcgrath Nominee Shannon & Waldeck Nominee Milton Acquires Retail Property In Coral Springs, FL For $3M
SOLD
Florida
See Similar DealsRetail6,927 SF
Sold 05/13/2022
SOLD
Deborah A Shannon's Mcgrath Nominee Shannon & Waldeck Nominee Milton Acquires Retail Property In Coral Springs, FL For $3M
2501 North University Drive, Coral Springs, Florida 33065, United States
See Similar DealsRetail6,927 SF
Sold 05/13/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$433
Total Square Footage:6,927 SF
Transaction Type:Sale
The retail property located at 2501 University Dr in Coral Springs, FL has been sold for a total price of $3,000,000. The property spans 6,927 square feet, resulting in a price per square foot of $433.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Buyer: Deborah A Shannon, Mcgrath Nominee Shannon & Waldeck Nominee Milton
- Seller: Kenneth Golen, Sharon Glick & Harold Golen
- Address: 2501 University Dr, Coral Springs, FL
- Market: Coral Springs, FL
The buyer of the property is represented by Deborah A Shannon from Mcgrath Nominee Shannon & Waldeck Nominee Milton.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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