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Tomas Pequeno Acquires Retail Property In Pembroke Pines For $5.2M

Property Image
SOLD
$5,200,000
Jonathan De La Rosa
+ 1

Florida

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Retail22,284 SF
Sold 10/21/2022
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Property Image
SOLD

Tomas Pequeno Acquires Retail Property In Pembroke Pines For $5.2M

1301 North Palm Avenue

See Similar Deals
Retail22,284 SF
Sold 10/21/2022
Jonathan De La Rosa
+ 1
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$233
Total Square Footage:22,284 SF
Transaction Type:Sale

Tomas Pequeno has purchased a retail property located at 1301 N Palm Ave in Pembroke Pines. The property has a total square footage of 22,284 and was sold for $5,200,000, resulting in a price per square foot of $233. The transaction took place on 10/21/2022 and the seller of the property was Gene Davis.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,200,000
  • Square Footage: 22,284
  • Address: 1301 N Palm Ave, Pembroke Pines
  • Market: Pembroke Pines

The buyer of the property, Tomas Pequeno, was represented by Jonathan De La Rosa and Matthew Albregts from Marcus & Millichap. They assisted in the successful acquisition of the retail property. Gene Davis, the seller, completed the transaction with Tomas Pequeno.

Players

Jonathan De La Rosa
140 deals$624.6M volume(786) 522-7027
BROKER

Matthew Albregts
Marcus & Millichap
25 deals$99.6M volume(305) 793-2826
BROKER


2 deals$11M volume
SELLER

Details

SOLD
IMAGE: Matthew Albregts & Jonathan De La Rosa DATE: 10/21/2022 ADDRESS: 1301 N Palm Ave MARKET: Pembroke Pines ASSET TYPE: Retail BUYER: Tomas Pequeno SELLER: Gene Davis BROKERS: Jonathan De La Rosa (@J_DLR_) & Matthew Albregts (@Matt_Albregts) - Marcus & Millichap SALE PRICE: $5,200,000 SF: 22,284 ~ PPSF: $233

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
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