Northlink Capital Acquires Development Site In Hallandale Beach For $26M
900 S Federal Hwy, Hallandale Beach, FL 33009
$26,000,000
$401/SF
Building Size
64,777 SF
Asset Type
Development Site
Closing
Jul 7, 2022
AI
Northlink Capital has acquired a development site located at 900 S Federal Hwy in Hallandale Beach. The property was sold by Alan Waserstein for a sale price of $26,000,000. The transaction was facilitated by brokers Samuel Heskiel, Marilina Apfelbaum, and Shani Ben-Hanania from Beachfront Realty. The property spans a total of 64,777 square feet, resulting in a price per square foot of $401.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $26,000,000
- Address: 900 S Federal Hwy, Hallandale Beach
- Brokers: Samuel Heskiel, Marilina Apfelbaum, and Shani Ben-Hanania - Beachfront Realty
For more off-market opportunities, interested parties can contact Samuel Heskiel at 786.451.4484.
Players
Hallandale Beach 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93