Escape 19 C LLC Acquires Retail/Office Property In Pembroke Pines For $10M
17720 Pines Boulevard, Pembroke Pines, FL, USA
$10,000,000
$278/SF
Building Size
35,960 SF
Asset Type
Office
Closing
Dec 11, 2019
AI
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.
Players
Pembroke Pines 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93