Edgar Gunness Acquires Retail Property In Coral Springs For $1.6M With Brokers Dylan Morse & Justin Walker
SOLD
Florida
See Similar DealsRetail3,870 SF
Sold 06/23/2025
SOLD
Edgar Gunness Acquires Retail Property In Coral Springs For $1.6M With Brokers Dylan Morse & Justin Walker
9615 West Sample Road
See Similar DealsRetail3,870 SF
Sold 06/23/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$413
Total Square Footage:3,870 SF
Transaction Type:Sale
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.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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