CBRE Arranges Sales of Dunkin’ Donuts Anchored Retail Center in Coral Springs

CBRE has facilitated the sale of a 4,088-square-foot Class A neighborhood retail property at 4685 N. State Road 7 in Coral Springs, Fla. Triple A RealEstate LLC purchased the property for $4.625 million.

Benjamin H. Silver of CBRE represented the seller, PROLEG 102 LLC, in the transaction.

“We were able to achieve a sub-five percent cap rate for the owner during a time in which interest rates were rising sharply. This aggressive price was achieved by finding a local buyer with familiarity and comfort in the Dunkin’ business, while being able to purchase the deal all-cash, therefore not as sensitive to interest rate changes,” said CBRE’s Silver.

Built in 2005, the property includes a Dunkin Donuts with a drive-thru and a dry cleaner. It is surrounded by major national retailers and car dealerships.