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
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