Terra Refinances Retail Property In Pembroke Pines For $43.7M
16000 Pines Boulevard, Pembroke Pines, FL, USA
$43,700,000
$76/SF
Building Size
574,360 SF
Asset Type
Retail
Closing
Jun 18, 2020
About this deal
AI
The retail property located at 16000 Pines in Pembroke Pines has recently undergone a loan refinancing transaction. The deal took place on 06/18/2021 and involved a loan amount of $43,700,000. The property is owned by Terra, represented by David Martin, while the lending party is Thorofare, represented by Felix Gutniko
The retail loan at 16000 Pines Boulevard, Pembroke Pines, FL, USA in Pembroke Pines, Florida financed for $43.7M in 2020. The building is 574,360 square feet, implying about 76 per square foot on the published price. Ian Hawk, Keith Kurland, Jackson Sastri, David Martin appear on the loan alongside Walker & Dunlop. This page is the Pembroke Pines, Florida file for the 16000 Pines Boulevard, Pembroke Pines, FL, USA retail financed: pricing, party profiles, and other closed retail comps from the same Pembroke Pines sit in the Market section below. Filter that Pembroke Pines retail set by closing date to see what else financed near 16000 Pines Boulevard, Pembroke Pines, FL, USA around 2020. Published consideration for 16000 Pines Boulevard, Pembroke Pines, FL, USA is $43.7M, dated 2020. Cite this Terra Refinances Retail Property In Pembroke Pines For $43.7M loan when underwriting similar retail product around Pembroke Pines, Florida.
On the Map
$43,700,000
$76/SF
Retail
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Players
Pembroke Pines Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93