Publix Acquires Development Site In Hollywood For $12.8M

The development site located at 3100 South Ocean Drive in Hollywood has been sold in a recent transaction. The property spans across approximately 1.1 acres and is classified as a Development Site.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $12,800,000
• Address: 3100 South Ocean Drive, Hollywood
• Market: Hollywood
• Acres: 1.1

The buyer in this transaction is Publix, while the seller is Transamerican Development represented by Albert Benalloun. The sale was finalized on 05/27/2022, and the property's sale price was $12,800,000. The building size factor (BSF) for the development site is 30,000, implying a price per BSF (PPBSF) of $427.