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
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