Gevorg Shahbazyan Acquires Development Site In Hollywood, FL For $6.5M
SOLD
$6,500,000
Florida
See Similar DealsDevelopment Site64,283 SF
Sold 02/21/2023
SOLD
Gevorg Shahbazyan Acquires Development Site In Hollywood, FL For $6.5M
2100 Federal Highway
See Similar DealsDevelopment Site64,283 SF
Sold 02/21/2023
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$101
Total Square Footage:64,283 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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