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1200 SW 145th Ave, Pembroke...

Aquila Software Signs Lease For 28890 Square Feet At 1200 SW 145th Ave Pembroke Pines
LEASEDOffice

Aquila Software Signs Lease For 28890 Square Feet At 1200 SW 145th Ave Pembroke Pines

1200 SW 145th Ave, Pembroke Pines...

Building Size

28,890 SF

Asset Type

Office

Closing

Apr 14, 2019

AI

The Edison Pembroke Pines is a Class A project located at 1200 SW 145th Ave, Pembroke Pines, encompassing 28,890 square feet within a total development of 330,000 square feet. The property is strategically situated along Interstate 75, 27 miles from Fort Lauderdale and 34 miles from Miami.

Summary of transaction details:

Two years after their appointment as the exclusive leasing team, Avison Young Principals Justin Cope and Greg Martin successfully finalized the first preleasing agreement at The Edison Pembroke Pines. The lease facilitates Aquila Software's relocation from existing offices in Fort Lauderdale and Medley, consolidating their operations into this new space. The development is notable for its creative design and proximity to The Shops at Pembroke Gardens, an upscale lifestyle center.

Players

Justin Cope

Avison Young

Broker

$45.5M

vol

3 deals

Broker

Pembroke Pines Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93