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304 Southwest 145th Avenue

Anatoly Petukhov Acquires Retail Property In Pembroke Pines For $23M
SOLDRetail

Anatoly Petukhov Acquires Retail Property In Pembroke Pines For $23M

304 Southwest 145th Avenue

$23,000,000

$783/SF

Building Size

29,350 SF

Asset Type

Retail

Closing

Jan 23, 2023

AI

A retail property located at 304 Southwest 145th Avenue in Pembroke Pines has been sold for $23,000,000. Spanning across 29,350 square feet, the property was sold at a price per square foot of $784.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $23,000,000
  • Address: 304 Southwest 145th Avenue
  • Market: Pembroke Pines

Anatoly Petukhov has acquired the property from Fred Burgess. The deal was facilitated by Avison Young, with Michael Fay, David Duckworth, Brian de la Fe, and John Crotty representing both the buyer and the seller.

Players

John Crotty

Avison Young

Broker

$1.5B

vol

52 deals

Broker

Anatoly Petukhov

Buyer

$25.6M

vol

3 deals

Buyer

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

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93