Triarch Capital Group Subsidiary Refinances Medical Office In Pembroke Pines For $21.9M
400 North Hiatus Road, Pembroke Pines, Florida 33026, United States
$21,884,000
$238/SF
Building Size
91,955 SF
Asset Type
—
Closing
Apr 21, 2022
AI
A medical office property located at 400-700 N Hiatus Rd in Pembroke Pines, Fort Lauderdale was involved in a recent transaction. The property spans approximately 91,955 square feet and is owned by a subsidiary of Triarch Capital Group.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: $21,884,000
- Loan Type: Refinance
- Loan Terms: 7 year fixed-rate
The loan, amounting to $21,884,000, was provided by Bank United. The deal was facilitated by brokers Paul Ahmed and Mackenzie Lampman from CBRE.
Players
Pembroke Pines CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93