Edward Bevill Of Parkridge Baptist Church Purchases Coral Springs School From Phyl’s Academy For $7.5M

A 30,660-square-foot private school property located at 11411 Northwest 56th Drive in Coral Springs was sold for $7,500,000. The asset, situated on 1.58 acres, was previously owned by Phyl’s Academy Preparatory School.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $7,500,000
• Address: 11411 Northwest 56th Drive
• Market: Coral Springs
• Square Footage: 30,660
• Price per Square Foot: $245
• Buyer: Edward Bevill - Parkridge Baptist Church
• Seller: Phyl’s Academy Preparatory School
• Lender: Southstate Bank
• Loan Amount: $8.57 million

Edward Bevill represented Parkridge Baptist Church in the acquisition of the property. SouthState Bank amended an existing loan to finance the transaction, increasing it from $2.4 million to $8.57 million to facilitate the purchase.