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
$3,000,000
$433/SF
Building Size
6,927 SF
Asset Type
Retail
Closing
May 12, 2022
About this deal
AI
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.
On the Map
$3,000,000
$433/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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93