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Flying Point Acquires Hollywood Industrial Asset For $3.25M

Property Image
SOLD
$3,250,000
Alejandro Snyder
+ 1

Florida

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Industrial18,339 SF
Sold
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Property Image
SOLD

Flying Point Acquires Hollywood Industrial Asset For $3.25M

1010 North 20th Avenue

See Similar Deals
Industrial18,339 SF
Sold
Alejandro Snyder
+ 1
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$177
Total Square Footage:18339 SF
Transaction Type:Sale

An industrial property located at 1010 North 20th Avenue in Hollywood has been sold for $3,250,000. The property has a building size of 18,339 square feet and a price per square foot of $177. The land size is 45,342 square feet, with a price per square foot of $72.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,250,000
  • Building Size: 18,339 sqft
  • Price per Square Foot: $177
  • Land Size: 45,342 sqft
  • Price per Land Square Foot: $72
  • Market: Hollywood

The buyer of the property is Flying Point represented by Sam Genet and Zach Sohn. The seller is Felix Revuelta Fernandez. The deal was facilitated by brokers Alejandro Snyder and Michael B. Williams from Current Real Estate Advisors.

Players

Alejandro Snyder
16 deals$85M volume(305) 783-8890
BROKER

Michael B Williams
Current Real Estate Advisors
14 deals$57M volume
BROKER


Zach Sohn
Flying Point
14 deals$58.9M volume
BUYER

Details

SOLD
IMAGE: Alejandro Snyder & Michael B. Williams DATE: 11/03/2023 ADDRESS: 1010 North 20th Avenue MARKET: Hollywood ASSET TYPE: Industrial BUYER: Flying Point (@FlyingPointRE) - Sam Genet & Zach Sohn SELLER: Felix Revuelta Fernandez BROKERS: Alejandro Snyder (@AlejandroSnyder1) & Michael B. Williams (@Michael.B.Williamscre) - Current Real Estate Advisors (@CurrentRealEstate) SALE PRICE: $3,250,000 BSF: 18,339 ~ PPSF: $177 LAND SF: 45,342 ~ PPLandSF: $72

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$173,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90