West Pines EDN RE LLC & 3Z Telecom Acquire Retail Property In Pembroke Pines For $9M
18410 Pines Blvd, Pembroke Pines, FL 33029, USA
$9,000,000
$58/SF
Building Size
154,580 SF
Asset Type
Retail
Closing
Aug 16, 2020
About this deal
AI
The retail property located at 18410 West Pines Boulevard in Pembroke Pines has been sold for a total of $9,000,000. The property spans across 15,458 square feet, resulting in a price per square foot of $582.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,000,000
- Address: 18410 West Pines Boulevard, Pembroke Pines
- Market: Pembroke Pines
- Seller: DS Pembroke Pines Florida Landlord (SunTrust Funding)
- Buyer: West Pines EDN RE LLC & 3Z Telecom – Enzo Dalmazzo
The buyer, Enzo Dalmazzo, represented by West Pines EDN RE LLC, along with 3Z Telecom, acquired the retail property located at 18410 West Pines Boulevard. The seller of the property was DS Pembroke Pines Florida Landlord, represented by SunTrust Funding. This transaction marks an important deal in the Pembroke Pines market, showcasing the investment potential of retail properties in the area.
Players
Pembroke Pines 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93