Iqbal Panjwani Acquires Retail Property In Coral Springs For $4.6M
SOLD
$4,625,000
Florida
See Similar DealsRetail4,088 SF
Sold 09/06/2022
SOLD
Iqbal Panjwani Acquires Retail Property In Coral Springs For $4.6M
4685 N State Road 7th
See Similar DealsRetail4,088 SF
Sold 09/06/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,131
Total Square Footage:4,088 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$246,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,431.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,924.86
Annual Debt Service$263,098.31
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