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David P. Frank Acquires Hollywood, FL Warehouse For $12.8M

Property Image
SOLD
$12,825,000

Florida

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Industrial54,382 SF
Sold 04/28/2022
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Property Image
SOLD

David P. Frank Acquires Hollywood, FL Warehouse For $12.8M

3400 Southwest 20th Street, Hollywood, Florida 33023, United States

See Similar Deals
Industrial54,382 SF
Sold 04/28/2022
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$235
Total Square Footage:54,382 SF
Transaction Type:Sale

The sale of a warehouse in Hollywood, FL has been completed at a price of $12,825,000. The property, located at 3400 SW 20th St, spans a total area of 54,382 square feet. The price per square foot for this transaction is $428.

Summary of transaction details

  • Property Type: Warehouse
  • Transaction Amount: $12,825,000
  • Address: 3400 SW 20th St
  • Market: Hollywood, FL
  • Buyer: David P. Frank
  • Seller: Carlos Baratz & Evelyn Baratz
  • Square Footage: 54,382
  • Price Per Square Foot: $428

The buyer in this transaction was David P. Frank. On the other hand, Carlos Baratz and Evelyn Baratz acted as the sellers.

Players

2 deals$12.8M volume
BUYER

Details

SOLD
IMAGE: 04/28/2022 ADDRESS: 3400 SW 20th St MARKET: Hollywood, FL ASSET TYPE: Warehouse BUYER: David P. Frank SELLER: Carlos Baratz & Evelyn Baratz PRICE: $12,825,000 SF: 54,382 ~ PPSF: $428

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

$684,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$45,564.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,797.04
Annual Debt Service$729,564.52