Elizabeth Raun Schlesinger Acquires Industrial Property In Hollywood, FL For $17.08M
SOLD
Florida
See Similar DealsIndustrial59 SF
SOLD
Elizabeth Raun Schlesinger Acquires Industrial Property In Hollywood, FL For $17.08M
400 Northwest 172nd Avenue, Hollywood, Florida 33029, United States
See Similar DealsIndustrial59 SF
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$289,491
Total Square Footage:59 SF
Transaction Type:Sale
The industrial property located at 400 NW 172nd Ave in Hollywood, FL was sold in a closed transaction. The property spans an area of 59,975 square feet and was sold for a price of $17,080,000, resulting in a price per square foot of $284.
Summary of transaction details
- Property Type: Industrial
The buyer of this industrial property was Elizabeth Raun Schlesinger, while the seller was Richard Collum.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$910,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,681.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,967.91
Annual Debt Service$971,614.97
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