Title: Title MGR Acquires Retail Property In Miramar, Miramar For $6.07M
12400 Pembroke Road, Miramar, FL, USA
$6,070,000
$445/SF
Building Size
13,640 SF
Asset Type
Retail
Closing
Dec 29, 2020
About this deal
AI
An retail property located at 12400 Pembroke Road in Miramar was recently sold for $6,070,000. The property spans 13,640 square feet, resulting in a price per square foot of $445. The transaction took place on December 30, 2020, with a capitalization rate of 5.23%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,070,000
- Square Footage: 13,640
- Price per Square Foot: $445
- Address: 12400 Pembroke Road
- Market: Miramar
The buyer of the property was Miguel Diego, representing Title MGR. The deal was facilitated by Jonathan De La Rosa and Scott Sandelin of Marcus & Millichap.
Players
Miramar Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.61%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93