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900 S Federal Hwy, Hallanda...

Northlink Capital Acquires Development Site In Hallandale Beach For $26M
SOLDDevelopment Site

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

Marilina Apfelbaum

Beachfront Realty

Broker

$226.6M

vol

19 deals

Broker
Northlink Capital
Northlink CapitalBuyer

Alan Waserstein

Seller

$33M

vol

2 deals

Seller

Hallandale Beach Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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