Paul Hansford Purchases Mixed-Use Property In Pembroke Pines From Manish Patel For $950,000
7161 Pembroke Road
$950,000
$151/SF
Building Size
6,265 SF
Asset Type
Mixed-use
Closing
Mar 14, 2025
AI
The property asset involved in this transaction is a mixed-use building located at 7161 Pembroke Road in the Pembroke Pines market. The property has a sale price of $950,000.00 and a total of 6,265 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $950,000.00
- Address: 7161 Pembroke Road
- Market: Pembroke Pines
- Square Footage: 6,265
- Cap Rate: 6.86%
- Deposit: $100,000 non-refundable
- Buyer: Paul Hansford
- Seller: Manish Patel
Cleveland Sainpreux, Elon Gerberg, and Adam H. Klein of The ROI Group at SVN Commercial Partners facilitated the transaction, representing both the buyer, Paul Hansford, and the seller, Manish Patel. This transaction marked the buyer's first venture into the commercial real estate market.
Players
Pembroke Pines Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93