Matthew Zuino Of Baptist Health Acquires Retail Property In Coconut Creek From Michael Bender For $53.5M
6950 State Road 7
$53,500,000
$577/SF
Building Size
92,726 SF
Asset Type
Retail
Closing
Sep 3, 2026
About this deal
AI
The property asset involved in this transaction is an 8.2-acre retail space located at 6950 North State Road 7 in Coconut Creek, FL. The property, previously a stand-alone Kohl's store, has a sale price of $53,500,000 and encompasses 92,726 square feet, with a price per square foot of $577.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $53,500,000
- Buyer: Matthew Zuino - Baptist Health
- Seller: Michael Bender - Kohl's
- Square Footage: 92,726
- Price Per Square Foot: $577
- Acres: 8.2
- Date of Transaction: 09/03/2026
- Market: Coconut Creek, FL
Kohl’s sold the property to Baptist Health South Florida, which is looking to expand across Broward County. The sale includes the condition that the retailer will close the location on November 14. Baptist Health has not disclosed any plans regarding the use of the site post-acquisition.
On the Map
$53,500,000
$577/SF
Retail
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North Wilkesboro 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
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93