Updated Oct 28, 2024
Publix Acquires Development Site In Hollywood For $12.8M
3100 South Ocean Drive, Hollywood, Florida 33019, United States
$12,800,000
$206/SF
Building Size
61,944 SF
Asset Type
Commercial
Closing
May 26, 2022
About this deal
AI
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.
Hollywood Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93