Aruba/Pembroke Investments N.V. LLC Acquires Retail Property In Pembroke Pines From Maria Clara Garbati
1601 N Hiatus Rd, Pembroke Pines, FL 33026, USA
$14,000,000
$158/SF
Building Size
88,529 SF
Asset Type
Retail
Closing
Apr 26, 2020
About this deal
AI
The retail property located at 1601-1697 N. Hiatus Rd. in Pembroke Pines has been involved in a closed transaction. The property spans across 88,529 square feet and is situated in a prime location in the market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,000,000
- Lender: northmarq''>NorthMarq
- Landlord: Aruba/Pembroke Investments N.V. LLC – Maria Clara Garbati
- Loan Terms: 21 years
In this deal, NorthMarq served as the lender. The landlord for the property was Aruba/Pembroke Investments N.V. LLC, represented by Maria Clara Garbati. The loan amount for this transaction was $14,000,000, and the loan terms extend over a period of 21 years.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93