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3811 Pembroke Road, Hollywo...

C.J. Easton, Edward W. Easton & David Wilf Acquire Industrial Property In Hollywood For $14.35M
SOLDIndustrial

C.J. Easton, Edward W. Easton & David Wilf Acquire Industrial Property In Hollywood For $14.35M

3811 Pembroke Road, Hollywood, Florida 33021, United States

$14,350,000

$480/SF

Building Size

29,897 SF

Asset Type

Industrial

Closing

Apr 3, 2022

AI

The industrial property located at 3811 Pembroke Rd in Hollywood was recently sold for a price of $14,350,000. The sale took place on 04/04/2022. The property has a total area of 29,897 square feet, resulting in a price per square foot of $480. The buyer of the property was C.J. Easton, Edward W. Easton & David Wilf, represented by The Easton Group. The seller in this transaction was Dayton Street Partners. The deal was facilitated by Walter Byrd from Transwestern, who acted as the broker.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $14,350,000
  • Address: 3811 Pembroke Rd
  • Market: Hollywood
  • Buyer: C.J. Easton, Edward W. Easton & David Wilf - The Easton Group
  • Seller: Dayton Street Partners
  • Broker: Walter Byrd - Transwestern
  • Square Footage: 29,897
  • Price per Square Foot: $480

The transaction attracted the attention of C.J. Easton, Edward W. Easton & David Wilf, who saw potential in the industrial property. They worked with The Easton Group as their representative in the deal. Dayton Street Partners decided to sell the property, and the negotiation and closing were facilitated by Walter Byrd from Transwestern.

Players

Walter Byrd

Transwestern

Broker

$53M

vol

18 deals

Broker
Edward Easton

Edward Easton

The Easton Group

Buyer

$118.4M

vol

7 deals

Buyer
The Easton Group
The Easton GroupBuyer

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

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93