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2561 North University Drive

Drew Dorsy And Jim Dorsy Acquire Retail Asset In Coral Springs For $5 Million
SOLDRetail

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

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.

Players

Barry Wolfe

Marcus & Millichap

Broker

$118.5M

vol

16 deals

Broker
Drew Dorsy

Drew Dorsy

Buyer

$22.6M

vol

3 deals

Buyer

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