TA Realty Acquires Retail Portfolio In Pembroke Pines From Terra - David Martin For $36.3M
10610 Pines Boulevard, Pembroke Pines, Florida 33026, United States
$36,300,000
$378/SF
Building Size
96,000 SF
Asset Type
Retail
Closing
Apr 5, 2022
About this deal
AI
The retail property located at 10610, 10620, and 10700 Pines Blvd in Pembroke Pines has been sold for a total of $36,300,000. The property spans a total of 96,000 square feet, resulting in a price per square foot of $378. The transaction took place on April 6, 2022. The buyer of the property is TA Realty, and the seller is Terra, represented by David Martin.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $36,300,000
- Address: 10610, 10620 & 10700 Pines Blvd, Pembroke Pines
- Market: Pembroke Pines
- Buyer: TA Realty
- Seller: Terra - David Martin
- Square Footage: 96,000
- Price per Square Foot: $378
This transaction involved the buyers, TA Realty, and the sellers, Terra, represented by David Martin. The deal was finalized on April 6, 2022. The property is located at 10610, 10620, and 10700 Pines Blvd in Pembroke Pines, with a total square footage of 96,000 and a price per square foot of $378.
Players
Pembroke Pines Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit David Martin to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93