Joe Levy And Jonathan Levy Acquire Hollywood Industrial Property For $9.36M
SOLD
$9,360,000
+ 2
Florida
See Similar DealsIndustrial88,800 SF
Sold 11/21/2023
SOLD
Joe Levy And Jonathan Levy Acquire Hollywood Industrial Property For $9.36M
5660 Rodman Street & 5801 Dawson Street
See Similar DealsIndustrial88,800 SF
Sold 11/21/2023
+ 2
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$105
Total Square Footage:88,800 SF
Transaction Type:Sale
The industrial property located at 5660 Rodman Street and 5801 Dawson Street in Hollywood has been sold. The transaction took place on November 21, 2023. The property is spread across 44,400 square feet and was sold for a price of $9,360,000, resulting in a price per square foot of $211. The buyer in this transaction is Joe Levy & Jonathan Levy, while the seller is Benjamin Genet. The property was represented by Douglas Mandel and Zach Levine of Marcus & Millichap.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $9,360,000
- Square Footage: 44,400
- Price per Square Foot: $211
- Address: 5660 Rodman Street & 5801 Dawson Street, Hollywood
- Market: Hollywood
Douglas Mandel and Zach Levine from Marcus & Millichap played a crucial role in facilitating the sale of this industrial property. They represented the buyer, Joe Levy & Jonathan Levy, and ensured a successful and smooth transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$499,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,254.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,371.18
Annual Debt Service$532,454.10
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