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9615 Westview Drive

Saint Gabriel'S Anglican Church Acquires Retail Property From Paul Mandel & Diane Perkins In Coral Springs For $2.2M
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Saint Gabriel'S Anglican Church Acquires Retail Property From Paul Mandel & Diane Perkins In Coral Springs For $2.2M

9615 Westview Drive

$2,200,000

$521/SF

Building Size

4,222 SF

Asset Type

Retail

Closing

May 7, 2024

AI

The retail property located at 9615 Westview Drive in Coral Springs was recently sold for $2,200,000. Spanning 4,222 square feet, the asset was acquired by Saint Gabriel'S Anglican Church from sellers Paul Mandel & Diane Perkins. The transaction was facilitated by Ross M. Stern from REMAX Services representing the buyer, and Adam Docktor from Native Realty representing the seller.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,200,000
  • Square Feet: 4,222
  • Price per Square Foot: $521
  • Address: 9615 Westview Drive
  • Market: Coral Springs
  • Buyer: Saint Gabriel'S Anglican Church
  • Seller: Paul Mandel & Diane Perkins
  • Buyer's Rep: Ross M. Stern - REMAX Services
  • Seller's Rep: Adam Docktor - Native Realty

This outparcel was sold vacant and was previously occupied by a real estate office user. Interestingly, two decades ago, it served as a Burger King complete with a drive-through. For further inquiries or potential opportunities related to this property, interested parties can reach out to Adam Docktor from Native Realty.

Players

Adam Docktor

Native Realty

Broker

$18.7M

vol

6 deals

Broker

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93