Flying Point Acquires Industrial Property On S 30th Ave In Hollywood For $1.25M
SOLD
$1,250,000
Florida
See Similar DealsIndustrial4,078 SF
Sold 04/05/2022
SOLD
Flying Point Acquires Industrial Property On S 30th Ave In Hollywood For $1.25M
1113 South 30th Avenue, Hollywood, Florida 33020, United States
See Similar DealsIndustrial4,078 SF
Sold 04/05/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$306
Total Square Footage:4,078 SF
Transaction Type:Sale
An industrial property located at 1113 S 30th Ave in the Hollywood market has been sold for a price of $1,250,000. The property spans 4,078 square feet, resulting in a price per square foot of $307. The transaction took place on 04/05/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,250,000
- Address: 1113 S 30th Ave
- Market: Hollywood
The buyer, Flying Point represented by Sam Genet and Zach Sohn, acquired the property from the seller, Richard Streeter. The sale was facilitated by Sebastian Misiewicz and Benjamin Silver from CBRE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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