Updated Oct 28, 2024
Clarion Partners And Cadence Partners Acquire Industrial Property In Hollywood For $15M
2910 Stirling Road, Hollywood, FL, USA
$15,000,000
$538/SF
Building Size
27,859 SF
Asset Type
Industrial
Closing
Nov 15, 2021
About this deal
AI
The industrial property located at 2910 Stirling Road in Hollywood has been sold in a closed transaction. The property spans across approximately 7 acres and is situated in the industrial market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,000,000
- Square Footage: 27,859
- Price per Square Foot: $538
- Address: 2910 Stirling Road
- Market: Hollywood
The buyer in this transaction is Clarion Partners represented by David Gilbert, and Cadence Partners represented by Todd Watson. FLT Investments, represented by Frank Villella, acted as the seller.
With the sale price of $15,000,000, the property was sold at a price per square foot of $538 for a total of 27,859 square feet.
Players
Hollywood Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93