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3440 Hollywood BLVD, Hollyw...

Woundtech Leases 21700 Square Feet At 3440 Hollywood Blvd From Black Creek Group
LEASEDOffice

Woundtech Leases 21700 Square Feet At 3440 Hollywood Blvd From Black Creek Group

3440 Hollywood BLVD, Hollywood, FL...

Building Size

21,700 SF

Asset Type

Office

Closing

Apr 2, 2018

AI

The property involved in this transaction is located at 3440 Hollywood Blvd, Hollywood, FL. This asset consists of a total of 21,700 square feet at the Venture Corporate Center, specifically moving from Venture Corporate Center I to Venture Corporate Center II. The market for this property is Hollywood.

Summary of transation details:

Woundtech, a health technology company, is renewing and expanding its headquarters at Venture Corporate Center. The buildout for the new location is scheduled for completion by May.

Players

A.J. Belt

Cushman & Wakefield

Broker

$26.2M

vol

5 deals

Broker
Black Creek Group
Black Creek GroupLandlord

Hollywood Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93