Escape 19 C LLC Acquires Retail/Office Property In Pembroke Pines For $10M
SOLD
$10,000,000
Florida
See Similar DealsOffice35,960 SF
Sold 12/12/2019
SOLD
Escape 19 C LLC Acquires Retail/Office Property In Pembroke Pines For $10M
17720 Pines Boulevard, Pembroke Pines, FL, USA
See Similar DealsOffice35,960 SF
Sold 12/12/2019
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$278
Total Square Footage:35,960 SF
Transaction Type:Sale
A retail/office property located at 17720 Pines Boulevard in Pembroke Pines has been sold for a price of $10,000,000. The property spans a total area of 35,960 square feet, resulting in a price per square foot of $278. The transaction took place on 12/12/2019.
Summary of transaction details
- Property Type: Retail/Office
- Transaction Amount: $10,000,000
- Address: 17720 Pines Boulevard, Pembroke Pines
- Market: Pembroke Pines
The seller, CPAC Silverlakes LLC, sold the property to Escape 19 C LLC, represented by Claudio Maggi. The sale was facilitated by brokers Harry Blyden and Bastian Laggerbauer from Colliers International South Florida.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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