Sterling Organization Acquires Retail Property In Coral Springs For $37.4M
SOLD
$37,400,000
Florida
See Similar DealsRetail172,526 SF
Sold 05/25/2022
SOLD
Sterling Organization Acquires Retail Property In Coral Springs For $37.4M
6166 West Sample Road, Coral Springs, Florida 33067, United States
See Similar DealsRetail172,526 SF
Sold 05/25/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$216
Total Square Footage:172,526 SF
Transaction Type:Sale
The retail property at 6166 & 6200 West Sample Road in Coral Springs has been sold for $37,400,000. The property, totaling 23.2 acres, is located in the Coral Landings area. The sale included a building with a total area of 172,526 square feet, resulting in a price per square foot of $217.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $37,400,000
- Address: 6166 & 6200 West Sample Road
- Market: Coral Springs
- Acres: 23.2
Sterling Organization, represented by Brian Kosoy, acquired the property from Coral Landings Property Corp, represented by Jill A. Matarese.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,994,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$132,874.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$177,295.08
Annual Debt Service$2,127,540.97
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