Asuman Polat Purchases Retail Asset From Ross Realty For $42.95M In Coral Springs
5810 Coral Ridge Dr, 5830 Coral Ridge Dr & 6230 6240 Coral Ridge Dr
$42,950,000
$109/SF
Building Size
130,985 SF
Asset Type
Retail
Closing
Sep 26, 2018
About this deal
AI
The property asset involved in the transaction is a retail space located at 5810 Coral Ridge Dr in Coral Springs. The sale price was $42,950,000.00, and the asset encompasses a total area of 130,985 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $42,950,000.00
- Address: 5810 Coral Ridge Dr
- Market: Coral Springs
- Square Footage: 130,985.0
- Buyer: Asuman Polat
- Seller: Ross Realty
- Broker: Alejandro Snyder - Current Real Estate Advisors
The key individuals involved in this transaction include the buyer, Asuman Polat, and the seller, Ross Realty, who facilitated the deal. Alejandro Snyder from Current Real Estate Advisors represented the broker in this transaction.
On the Map
$42,950,000
$109/SF
Retail
View full map
Players
Coral Springs Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Alejandro Snyder to view all their deals.
Browse Coral Springs retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93