AMAC Acquires 2.2 Acre Development Site In Hollywood For $6.6M
SOLD
$6,600,000
Florida
See Similar DealsMultiFamily
Sold 02/04/2022
SOLD
AMAC Acquires 2.2 Acre Development Site In Hollywood For $6.6M
4465 Griffin Road, Davie, Florida 33328, United States
See Similar DealsMultiFamily
Sold 02/04/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
A development site located at 4465 Griffin Road in Hollywood has been sold for a price of $6,600,000. The site spans an area of 2.2 acres and is categorized as a Development Site.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $6,600,000
- Address: 4465 Griffin Road
- Market: Hollywood
- Buyer: AMAC - Maurice & Ivan Kaufman
- Seller: PrivCap Companies
The buyer, AMAC represented by Maurice & Ivan Kaufman, has acquired the development site from the seller, PrivCap Companies.
Players
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$352,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,448.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,287.37
Annual Debt Service$375,448.41
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