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:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1200 SW 145th Ave, Pembroke Pines
- Market: Pembroke Pines
- Tenant: Aquila Software
- Landlord: Unknown
- Tenant's Representative: Jason Carros (Carros Commercial Realty)
- Landlord's Representatives: Justin Cope (Avison Young), Greg Martin (Move Forward Real Estate), Greg Martin (Coldwell Banker)
- Square Feet: 28,890
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
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