Rachel Sarkhovitch Acquires Retail Property On Pines Blvd In Hollywood, FL For $5.5M
9868 Pines Boulevard, Pembroke Pines, Florida 33024, United States
$5,500,000
$495/SF
Building Size
11,100 SF
Asset Type
Retail
Closing
Jun 12, 2022
About this deal
AI
The retail property located at 9868-9898 Pines Blvd in Hollywood, FL has been sold. The transaction took place on June 13, 2022. The property spans approximately 11,100 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,500,000
- Price per Square Foot: $495
- Address: 9868-9898 Pines Blvd, Hollywood, FL
- Market: Hollywood, FL
The buyer of the property is Rachel Sarkhovitch, while the seller is Joseph Friedes.
The retail sale at 9868 Pines Boulevard, Pembroke Pines, Florida 33024, United States in Pembroke Pines, Florida sold for $5.5M in 2022. The building is 11,100 square feet, implying about 495 per square foot on the published price. This page is the Pembroke Pines, Florida file for the 9868 Pines Boulevard, Pembroke Pines, Florida 33024, United States retail sold: pricing, party profiles, and other closed retail comps from the same Pembroke Pines sit in the Market section below. Filter that Pembroke Pines retail set by closing date to see what else sold near 9868 Pines Boulevard, Pembroke Pines, Florida 33024, United States around 2022. Published consideration for 9868 Pines Boulevard, Pembroke Pines, Florida 33024, United States is $5.5M, dated 2022. Cite this Rachel Sarkhovitch Acquires Retail Property On Pines Blvd In Hollywood, FL For $5.5M sale when underwriting similar retail product around Pembroke Pines, Florida.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93