Riad Nazheff Purchases Office Building From PJ Okeefe & Drew Sadar For $3,675,000
7665 Southwest 64th Avenue
$3,675,000
$287/SF
Building Size
12,800 SF
Asset Type
Office
Closing
Jun 1, 2026
AI
The asset involved in this transaction is an office building located at 7665 Southwest 64th Avenue in the Davie market. The sale price of the property was $3,675,000, encompassing a total area of 12,800 square feet, which translates to a price per square foot of $287.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,675,000
- Buyer: Riad Nazheff
- Seller: PJ Okeefe & Drew Sadar
- Brokers: Caio Martin - Current Capital Realty
- Square Footage: 12,800
- Price per Square Foot: $287
Caio Martin represented both sides in this transaction, marking a neighborhood record of $287 per square foot for an office building in the Davie/Hollywood market. He is available for consultations regarding the sale of commercial office buildings or strip retail centers.
Hollywood 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
4.32%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93