Drew Dorsy And Jim Dorsy Acquire Retail Asset In Coral Springs For $5 Million
2561 North University Drive
$5,000,000
$1,187/SF
Building Size
4,212 SF
Asset Type
Retail
Closing
Jul 28, 2026
About this deal
AI
The retail property located at 2561 North University Drive in Coral Springs has been sold for a transaction amount of $5,000,000. The asset encompasses a total of 4,212 square feet, resulting in a price per square foot of $1,187.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Location: 2561 North University Drive
- Market: Coral Springs
- Square Footage: 4,212
- Price Per Square Foot: $1,187
- Buyer: Drew Dorsy & Jim Dorsy
- Seller: Tim Cross
- Brokerages Involved: Alex Keller, Alan Lipsky & Barry Wolfe - Marcus & Millichap
This transaction involved the buyers Drew Dorsy and Jim Dorsy, who have acquired the property from seller Tim Cross. The deal was facilitated by brokers Alex Keller, Alan Lipsky, and Barry Wolfe from the agency Marcus & Millichap, representing the parties involved in the transaction.
On the Map
$5,000,000
$1,187/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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93