Moe Bahr Acquires Retail Asset At 8960 Taft Street In Pembroke Pines For $3.3M
8960 Taft Street
$3,300,000
$184/SF
Building Size
17,915 SF
Asset Type
Retail
Closing
Jan 14, 2026
AI
The property asset involved in the transaction is located at 8960 Taft Street in Pembroke Pines. It is classified as a retail asset, encompassing a total square footage of 17,915. The concluded sale price for this property was set at $3,300,000, which translates to a price per square foot of $184.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Address: 8960 Taft Street
- Market: Pembroke Pines
- Square Footage: 17,915
- Price per Square Foot: $184
- Buyer: Moe Bahr
- Seller: Peter Hesz
- Buyer’s Representatives: Jonathan De La Rosa & Matthew Albregts - Marcus & Millichap
- Financing: Terra Bank
- Loan Team: Edgar Nieto and Lucas Azar
Key individuals in this deal include the buyer Moe Bahr and seller Peter Hesz. The transaction was represented by Jonathan De La Rosa and Matthew Albregts from Marcus & Millichap, who acted on behalf of the buyer. The financing for the property was carried out by Terra Bank, led by lending team members Edgar Nieto and Lucas Azar.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93