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
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.
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