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3195 West Hallandale Beach ...

Paul Ferber & Shields Ferber Jr. Acquire Vacant Commercial Property In Hallandale, FL For $7M
SOLDCommercial

Paul Ferber & Shields Ferber Jr. Acquire Vacant Commercial Property In Hallandale, FL For $7M

3195 West Hallandale Beach Boulevard, Hallandale Beach, Florida 33009, United States

$7,000,000

Building Size

Asset Type

Commercial

Closing

Apr 28, 2022

AI

The vacant commercial property located at 3195 W Hallandale Beach Blvd in Hallandale, FL has been sold in a transaction that closed on April 29, 2022. The property was purchased by Paul Ferber and Shields Ferber Jr. from the seller, Lewis Swezy, for a total price of $7,000,000.

Summary of transaction details

  • Property Type: Vacant Commercial
  • Transaction Amount: $7,000,000
  • Address: 3195 W Hallandale Beach Blvd, Hallandale, FL
  • Market: Hallandale, FL

The deal was facilitated by the seller's representative, Lewis Swezy, who represented Lewis Swezy in the transaction.

Players

Lewis Swezy

Centennial Management

Broker

$129.1M

vol

7 deals

Broker

Paul Ferber

Buyer

$11.6M

vol

2 deals

Buyer
Lewis Swezy

Lewis Swezy

Seller

$129.1M

vol

7 deals

Seller

Hallandale 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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93