CenterPoint Properties Acquires Property In Miramar For $170.1 Million With CBRE Representation
SOLD
$170,100,000
Florida
See Similar DealsCommercial
Sold 05/02/2022
SOLD
CenterPoint Properties Acquires Property In Miramar For $170.1 Million With CBRE Representation
2601 SW 145th Ave, Hollywood, FL, 3...
See Similar DealsCommercial
Sold 05/02/2022
Summary
FLORIDA
Asset Type:Commercial
Transaction Type:Sale
The property asset involved in this transaction is located at 2601 SW 145th Ave, Hollywood, FL within the Miramar market. The transaction was executed at a price of $170,100,000.00. The asset has a total square footage of 0.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $170,100,000.00
- Address: 2601 SW 145th Ave, Hollywood, FL
- Market: Miramar
- Seller's Representatives: José Lobón-CBRE, Frank Fallon-CBRE
- Buyer: CenterPoint Properties
The key individuals involved in this transaction include José Lobón and Frank Fallon representing the seller through CBRE. CenterPoint Properties acted as the buyer in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$9,072,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$604,329.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$806,360.78
Annual Debt Service$9,676,329.37
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