Updated Dec 22, 2023
Rick A. Matthews & Michael A. Tortorici Acquire Hollywood, FL Warehouse For $170.1M
Flamingo Rd, Hollywood, Florida 33027, United States
$170,100,000
$416/SF
Building Size
408,379 SF
Asset Type
Industrial
Closing
Apr 28, 2022
About this deal
AI
A warehouse located at 3633 Flamingo Rd in Hollywood, FL was recently sold in a transaction on April 29, 2022. The property spans 408,379 square feet and was sold for a total price of $170,100,000, equating to a price per square foot of $416.
Summary of transation details
- Property Type: Warehouse
- Transaction Amount: $170,100,000
- Address: 3633 Flamingo Rd, Hollywood, FL
- Market: Hollywood, FL
- Buyer: Rick A. Matthews & Michael A. Tortorici
- Seller: Luke Petherbrigde & Nicholas Pell
Rick A. Matthews and Michael A. Tortorici were the buyers in this transaction, while Luke Petherbrigde and Nicholas Pell were the sellers. The deal signifies the successful transfer of ownership for the warehouse property located at 3633 Flamingo Rd in Hollywood, FL.
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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93