Iqbal Panjwani Acquires Retail Property In Coral Springs For $4.6M
4685 N State Road 7th
$4,625,000
$1,131/SF
Building Size
4,088 SF
Asset Type
Retail
Closing
Sep 6, 2022
AI
A retail property located at 4685 N State Rd 7 in Coral Springs has been sold for $4,625,000. The property spans 4,088 square feet, resulting in a price per square foot of $1,131. The transaction took place on 09/06/2022 and was facilitated by Benjamin H. Silver of CBRE.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,625,000
- Address: 4685 N State Rd 7, Coral Springs
- Square Footage: 4,088
- Price per Square Foot: $1,131
Iqbal Panjwani acquired the property from Rafael Hernandez. The broker representing this transaction was Benjamin H. Silver from CBRE.
Players
West Palm Beach 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
3.43%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93