Asuman Polat Purchases Retail Asset At 5810 Coral Ridge Dr From Ross Realty Investments For $42.95M
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 this transaction is a retail space located at 5810 Coral Ridge Dr, Coral Springs. The sale was concluded on September 26, 2018, for a total of $42,950,000. The property encompasses 130,985 square feet and is situated in a market characterized by retail opportunities.
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 Investments Inc.
- Broker: Alejandro Snyder - Current Real Estate Advisors
This transaction features key individuals such as the buyer, Asuman Polat, and the seller, Ross Realty Investments Inc., each playing pivotal roles in the deal. The brokerage representation was provided by Alejandro Snyder, who operates under Current Real Estate Advisors, facilitating the transaction process.
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