The Dutch Pot Restaurant Acquires Retail Property In Pembroke Pines From Gary V. Caplan For $2.415M
7301 Pines Boulevard
$2,415,000
$868/SF
Building Size
2,780 SF
Asset Type
Retail
Closing
Jan 30, 2025
AI
The retail asset located at 7301 Pines Boulevard in Pembroke Pines has been sold for $2,415,000. It comprises a total area of 2,780 square feet, resulting in a price per square foot of $868.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,415,000
- Square Footage: 2,780
- Price per Square Foot: $868
- Buyer: The Dutch Pot Restaurant
- Seller: Gary V. Caplan
- Brokers: Jonathan De La Rosa & Matthew Albregts - Marcus & Millichap
- Transaction Date: 01/30/2025
The transaction was facilitated by brokers Jonathan De La Rosa and Matthew Albregts, who represented the parties involved through Marcus & Millichap, ensuring a structured negotiation process for the buyer and seller.
Players
Pembroke Pines Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.57%
Cash-on-Cash
-1.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93