Federal Realty Investment Trust Acquires Retail Property In Pembroke Pines For $180.5M
527 Southwest 145th Terrace, Pembroke Pines, Florida 33027, United States
$180,500,000
$460/SF
Building Size
392,000 SF
Asset Type
Retail
Closing
Aug 3, 2022
About this deal
AI
The retail property located at 527 SW 145th Terrace in Pembroke Pines has been sold in a recent transaction. The property, spanning 41 acres, was listed by Jeffrey R. Anderson Real Estate, with Jeffrey R. Anderson representing the seller. The buyer of the property is Federal Realty Investment Trust. The transaction took place on 08/04/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $180,500,000
- Address: 527 SW 145th Terrace, Pembroke Pines
- Market: Pembroke Pines
- Acres: 41
The property spans 392,000 square feet, with a price per square foot of $460. This deal demonstrates the active real estate market in Pembroke Pines, with Federal Realty Investment Trust acquiring this significant retail asset from Jeffrey R. Anderson Real Estate. The sale of this property showcases the continued growth and investment in the Pembroke Pines market.
On the Map
$180,500,000
$460/SF
Retail
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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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93