David P. Frank Acquires Hollywood, FL Warehouse For $12.8M
SOLD
$12,825,000
Florida
See Similar DealsIndustrial54,382 SF
Sold 04/28/2022
SOLD
David P. Frank Acquires Hollywood, FL Warehouse For $12.8M
3400 Southwest 20th Street, Hollywood, Florida 33023, United States
See Similar DealsIndustrial54,382 SF
Sold 04/28/2022
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.
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Deal Type
30 years
10 years
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
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