Edgar Gunness Acquires Retail Property In Coral Springs For $1.6M With Brokers Dylan Morse & Justin Walker
9615 West Sample Road
$1,600,000
$413/SF
Building Size
3,870 SF
Asset Type
Retail
Closing
Jun 22, 2025
About this deal
AI
The retail asset located at 9615 West Sample Road in Coral Springs was sold for $1,600,000. The property spans 3,870 square feet, resulting in a price per square foot of $413.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $1,600,000
- Buyer: Edgar Gunness
- Seller: Michael Ciffolillo
- Brokers: Dylan Morse & Justin Walker - Franklin Street
- SF: 3,870
- PPSF: $413
The transaction was executed with efficiency, featuring a competitive marketing process led by Franklin Street’s South Florida Retail Team. This resulted in a 45-day contract-to-close timeline, accompanied by a $200,000 non-refundable deposit on the first day.
On the Map
$1,600,000
$413/SF
Retail
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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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93