Coral Springs, Florida, offers a diverse range of Commercial Real Estate for Sale, making it an attractive investment opportunity for those looking to capitalize on the city's strong economy and growing population of around 130,000 residents. Commercial Real Estate in Coral Springs can represent a variety of investments, from retail spaces to office buildings, and even restaurants and hotels. With its prime location, Coral Springs provides easy access to major transportation hubs, including the Sawgrass Expressway and Fort Lauderdale-Hollywood International Airport, making it an ideal spot for businesses that rely on transportation and logistics. The city's strong infrastructure, including its water supply system and public transportation, also supports the growth of Commercial Real Estate. Additionally, Coral Springs is home to several major employers, including Broward Health, Florida Power & Light, and Waste Pro, which contribute to the local economy. The city's amenities, such as the Coral Springs Medical Center and the Sportsplex, also make it an attractive location for businesses and residents alike.
Coral Springs, Florida, is a prime location for Commercial Real Estate, with 42 listings available for sale. The city's diverse economy, strong infrastructure, and amenities make it an attractive spot for businesses of all types. In addition to Commercial Real Estate, Coral Springs also offers Industrial Properties, such as warehouses and manufacturing facilities, which can be found near the Sawgrass Expressway and other major transportation routes. Apartment Buildings are also available, offering a range of options for residents, from luxury complexes to affordable housing. Office Properties, including Class A and Class B office spaces, can be found in the city's central business district and surrounding areas. Hotels, including national chain hotels and boutique hotels, are also available, catering to the city's growing tourism industry. With its strong economy and diverse range of properties, Coral Springs is an attractive location for investors and businesses alike.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Coral Springs, there are several alternatives to consider, including:
- Traditional bank financing, which typically requires a 20-30% down payment and offers competitive interest rates;
- Private money lending, which can provide more flexible terms and faster approval, but often at a higher interest rate;
- Small Business Administration (SBA) loans, which offer favorable terms, such as lower down payments and longer repayment periods, for qualified borrowers.
With 42 available listings of commercial real estate in Coral Springs, understanding the financing options can help you make an informed decision when investing in a property that suits your business needs, whether it's an office space, retail store, or warehouse, with average prices ranging from $373 USD per square foot and average sizes of 11,571 square feet, and cap rates averaging 6.44%.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Coral Springs, understanding cap rates is crucial. With an average cap rate of 6.44%, investors can gauge the potential return on investment for properties like the 42 available listings, ranging from 11,571 square feet to 93,067 square feet, and priced at an average of $373 USD per square foot.
For a deeper dive into the importance of cap rates, it's essential to understand what is a cap rate, which is a measure of a property's potential rate of return based on its net operating income. To learn more, check out our article on what is a cap rate, and how it can impact your commercial real estate investment decisions in Coral Springs.
What is considered a commercial property?
In Coral Springs, Florida, a commercial property is typically defined as a building or land used for business or commercial activities, such as office spaces, retail stores, restaurants, warehouses, and other types of properties that generate income. With 42 available listings of commercial real estate in Coral Springs, investors and business owners can find a range of properties to suit their needs, from small offices to large industrial spaces, with average prices per square foot of $373 USD and average sizes of 11,571 square feet.
