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
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