facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Mixed Use

/

Loan

/

1100 East Hallandale Beach ...

City National Bank Of Florida Provides $22.5M Loan For Mixed-Use Property In Hallandale Beach
FINANCEDMixed-use

City National Bank Of Florida Provides $22.5M Loan For Mixed-Use Property In Hallandale Beach

1100 East Hallandale Beach Boulevard, Hallandale Beach, FL, USA

$22,500,000

$236/SF

Building Size

95,000 SF

Asset Type

Mixed-use

Closing

Jun 18, 2020

AI

The mixed-use property located at 1100 East Hallandale Beach Boulevard in Hallandale Beach has recently undergone a transaction. The property, which encompasses a total area of 10.8 acres, consists of 500 units and spans over 95,000 square feet. This includes 13,100 square feet of office space and 81,900 square feet of retail space.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $22,500,000
  • Address: 1100 East Hallandale Beach Boulevard
  • Market: Hallandale Beach

The loan for this transaction was provided by City National Bank of Florida. The landlord of the property is Hallandale Oasis 2019 LLC, represented by Giuseppe Iadisernia. Maria Fermin, from an undisclosed agency, served as the broker for this deal.

Players

Maria Fermin

EXP Realty

Broker

$22.5M

vol

1 deal

Broker
City National Bank of Florida
City National Bank of FloridaLender

Giuseppe Iadisernia

Landlord

$209.5M

vol

4 deals

Landlord

Hallandale Beach Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93