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
About this deal
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
Loading comparables…
Deal FAQ
Visit Benjamin (Ben) Silver to view all their deals.
Browse West Palm Beach retail sales on Traded.
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