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1640 Southwest 145th Avenue

Everglades College Acquires Office Building In Pembroke Pines For $32.98M
SOLDOffice

Everglades College Acquires Office Building In Pembroke Pines For $32.98M

1640 Southwest 145th Avenue

$32,980,000

$437/SF

Building Size

75,400 SF

Asset Type

Office

Closing

Feb 28, 2023

AI

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

Achikam Yogev

Colliers

Broker

$393.9M

vol

9 deals

Broker
EC
Everglades CollegeBuyer
William Keenan

William Keenan

Keenan Development

Seller

$377.9M

vol

5 deals

Seller

Market Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93