Sagi Shaked Acquires Plantation Office Building For $7.5M
201 North Pine Island Road, Plantation, FL, USA
$7,500,000
$500/SF
Building Size
15,000 SF
Asset Type
Office
Closing
Jan 19, 2021
About this deal
AI
Located in Plantation, the office property at 201 N. Pine Island Road has been sold for $7,500,000. The transaction took place on January 20, 2021. The property spans approximately 15,000 square feet, resulting in a price per square foot of $500. The buyer, Sagi Shaked, acquired the asset from Mick Abae.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,500,000
- Address: 201 N. Pine Island Road
- Market: Plantation
Sagi Shaked successfully purchased the office property at 201 N. Pine Island Road in Plantation for $7,500,000 from Mick Abae.
Players
Plantation 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93