Sterling Organization Acquires Retail Property In Coral Springs For $37.4M
6166 West Sample Road, Coral Springs, Florida 33067, United States
$37,400,000
$216/SF
Building Size
172,526 SF
Asset Type
Retail
Closing
May 24, 2022
AI
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
Coral Springs Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93