Updated Sep 9, 2024
Gevorg Shahbazyan Acquires Development Site In Hollywood, FL For $6.5M
2100 Federal Highway
$6,500,000
$101/SF
Building Size
64,283 SF
Asset Type
Development Site
Closing
Feb 21, 2023
About this deal
AI
The development site located at 2100 Federal Highway in Hollywood, FL has been sold for a total price of $6,500,000. The property spans across 64,283 square feet, resulting in a price per square foot of $101.
Summary of Transaction Details:
- Property Type: Development Site
- Transaction Amount: $6,500,000
- Address: 2100 Federal Highway, Hollywood, FL
- Square Footage: 64,283
- Price per Square Foot: $101
Gevorg Shahbazyan, represented by Gevorg Shahbazyan of One Way Realty Group, acted as the buyer in this transaction. Patricia Asseff served as the seller's representative.
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93