Thomas Smith Acquires Office Building In Davie For $5.7M
351 Southwest 136th Avenue
$5,700,000
$233/SF
Building Size
24,400 SF
Asset Type
Office
Closing
Jun 30, 2022
AI
The office property located at 351 SW 136th Ave in Davie has been sold in a closed transaction. The property spans approximately 24,400 square feet with a price per square foot of $234. The sale price for the property was $5,700,000. The transaction took place on June 30, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,700,000
The buyer of the property is Thomas Smith, while the seller is Thomas Bluth. The deal was facilitated by Austin Bergman from Compass. Austin Bergman represented either the buyer or the seller in the transaction.
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93