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William Huffman Of Nuveen Acquires Coral Landings III Retail Center For $46.3 Million
SOLD
$46,300,000
Florida
See Similar DealsRetail345,052 SF
Sold 04/08/2026
SOLD
William Huffman Of Nuveen Acquires Coral Landings III Retail Center For $46.3 Million
3200 Northwest 62nd Avenue & 6208 West Sample Road
See Similar DealsRetail345,052 SF
Sold 04/08/2026
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$134
Total Square Footage:345,052 SF
Transaction Type:Sale
The retail property located at 3200, 3480 Northwest 62nd Avenue & 6166-6208 West Sample Road in Coral Springs encompasses 23.2 acres and has a total area of 172,526 square feet. The asset was sold for $46,300,000, which translates to a price per square foot of $268. It features notable tenants such as Aldi and HomeGoods, indicating a strong presence in the retail sector.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $46,300,000
- Buyer: William Huffman - Nuveen
- Seller: Brian Kosoy - Sterling Organization
- Lender: Bank of America
- Market: Coral Springs
- Acres: 23.2
- Square Feet: 172,526
- Price per Square Foot: $268
William Huffman represented Nuveen in the acquisition of the retail center from Brian Kosoy, who represented Sterling Organization in this transaction. The financing for the deal was provided by Bank of America, reflecting continued investor interest in suburban retail assets in South Florida.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,469,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$164,494.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$219,485.62
Annual Debt Service$2,633,827.45
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