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
About this deal
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.
On the Map
$32,980,000
$437/SF
Office
View full map
Players
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Mark M. Rubin to view all their deals.
Browse Florida office sales on Traded.
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