Erudite Properties Acquires Charter School In Pembroke Pines For $60.5M
5000 Southwest 207th Terrace, Pembroke Pines, FL, USA
$60,500,000
$371/SF
Building Size
162,672 SF
Asset Type
Other
Closing
Feb 2, 2020
About this deal
AI
The Charter school located at 5000 Southwest 207th Terrace in Pembroke Pines has been sold for a total price of $60,500,000. With a total area of 162,672 square feet, the sale price translates to an average cost of $372 per square foot. The transaction took place on February 3, 2020.
Summary of transaction details:
- Property Type: Charter school
- Transaction Amount: $60,500,000
- Address: 5000 Southwest 207th Terrace, Pembroke Pines
- Market: Pembroke Pines
- Seller: Turner-Agassi Charter School Facilities - Andre Agassi
- Buyer: Erudite Properties - Scott Sznitken
The sale of this charter school was facilitated by Andre Agassi from Turner-Agassi Charter School Facilities and Scott Sznitken from Erudite Properties.
Players
Southwest Ranches Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93