Updated Oct 28, 2024
RCI Hospitality Holdings, Inc Acquires 2.2 Acres Commercial Property In Hallandale Beach For $10M
100 Ansin Boulevard, Hallandale Beach, Florida 33009, United States
$10,000,000
$714/SF
Building Size
14,000 SF
Asset Type
Commercial
Closing
Jul 27, 2022
About this deal
AI
The 2.2-acre commercial property located at 100 Ansin Boulevard in Hallandale Beach has been sold for a price of $10,000,000. The transaction took place on 07/28/2022.
Summary of Transaction Details:
- Property Type: Commercial
- Sale Price: $10,000,000
- Address: 100 Ansin Boulevard
- Market: Hallandale Beach
- Acres: 2.2
The buyer of the property is RCI Hospitality Holdings, Inc, represented by Eric Langan and Ed Anakar. The property has a total area of 14,000 square feet, resulting in a price per square foot of $714.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93