Everglades College Acquires Office Building In Pembroke Pines For $32.98M
SOLD
$32,980,000
+ 1
Florida
See Similar DealsOffice75,400 SF
Sold
SOLD
Everglades College Acquires Office Building In Pembroke Pines For $32.98M
1640 Southwest 145th Avenue
See Similar DealsOffice75,400 SF
Sold
+ 1
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$437
Total Square Footage:75400 SF
Transaction Type:Sale
The office building located at 1640 Southwest 145th Avenue in Pembroke Pines has been sold. The property, spanning 75,400 square feet, was purchased by Everglades College for a total price of $32,980,000. The sale price equates to approximately $437 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $32,980,000
- Address: 1640 Southwest 145th Avenue, Pembroke Pines
- Market: Pembroke Pines
Keenan Development Group, represented by Mark M. Rubin, Bastian Laggerbauer, and Achikam Yogev from Colliers International, acted as the seller in this transaction. Everglades College, on the other hand, emerged as the buyer.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,758,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,170.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,342.03
Annual Debt Service$1,876,104.31
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