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7665 Southwest 64th Avenue

Riad Nazheff Purchases Office Building From PJ Okeefe & Drew Sadar For $3,675,000
SOLDOffice

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.

Players

Caio Martin

Current Capital Realty

Broker

$39.7M

vol

10 deals

Broker

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