Updated Oct 28, 2024
Calta Group Acquires Development Site In Hollywood For $9.5M
2215 Hollywood Boulevard, Hollywood, Florida 33020, United States
$9,500,000
Building Size
—
Asset Type
Development Site
Closing
Apr 26, 2022
About this deal
AI
A development site located at 2215 Hollywood Boulevard in Hollywood has been sold for $9,500,000. The site spans approximately 1.6 acres and was previously owned by Hollywood Construction & Development LLC. The buyer, Calta Group, was represented by Ignazio Caltagirone, Gaetano Caltagirone, and Igor Blatnik.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $9,500,000
- Address: 2215 Hollywood Boulevard
- Market: Hollywood
- Asset Type: Development Site
- Acres: 1.6
This transaction was completed on April 27, 2022. Hollywood Construction & Development LLC, represented by Joseph Horn, sold the property to Calta Group. Calta Group, a reputable buyer in the industry, made the acquisition with the intention of utilizing the development site for future projects.
Players
Hollywood 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93