Home Depot Acquires 4.72 Acres In Hallandale Beach From Joseph Edelman For $20M
3129 West Hallandale Beach Boulevard
$20,000,000
$308/SF
Building Size
64,840 SF
Asset Type
Mixed-use
Closing
May 1, 2025
About this deal
AI
A mixed-use property located at 3101-3129 West Hallandale Beach Boulevard in Hallandale Beach has been sold for a total of $20,000,000. The asset spans 4.72 acres and comprises 64,840 square feet of retail and office space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $20,000,000
- Address: 3101-3129 West Hallandale Beach Boulevard
- Market: Hallandale Beach
- Acres: 4.72
- Square Footage: 64,840
- Price Per Square Foot: $308
- Buyer: Ted Decker - Home Depot
- Seller: Joseph Edelman - 3101 Realty Corp
The transaction saw Ted Decker representing Home Depot acquiring the property from Joseph Edelman, who led 3101 Realty Corp. This acquisition adds to Home Depot's presence in the area, increasing their holdings on the corridor to 7.03 acres following a previous purchase in December for $4.85M.
On the Map
$20,000,000
$308/SF
Mixed-use
View full map
Players
Hallandale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
About $308 per square foot on a published $20M for 64,840 square feet (2025).
Visit Joseph Edelman to view all their deals.
Browse Florida mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93