Michael Curcio Purchases Retail Property From Paul Fazio At 8579 Pines Boulevard For $2.35M
8579 Pines Boulevard
$2,350,000
$1,693/SF
Building Size
1,388 SF
Asset Type
Retail
Closing
Apr 5, 2026
AI
This retail property located at 8579 Pines Boulevard in Pembroke Pines was sold for $2,350,000. The asset has a total square footage of 1,388, which translates to a price per square foot of approximately $1,693.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,350,000
- Address: 8579 Pines Boulevard
- Market: Pembroke Pines
- Square Footage: 1,388 SF
- Price per Square Foot: $1,693
- Buyer: Michael Curcio
- Seller: Paul Fazio
- Brokers: Jonathan De La Rosa & Matthew Albregts - Marcus & Millichap
The transaction was facilitated by Jonathan De La Rosa and Matthew Albregts, who represent Marcus & Millichap in this deal, highlighting their role in connecting the buyer and seller throughout the sales process.
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93