Cushman & Wakefield Brokers Secure $46.3M Loan For Hollywood Blvd Office Acquisition
3440 Hollywood Blvd, Hollywood, Florida, USA
$46,300,000
$185/SF
Building Size
250,000 SF
Asset Type
Office
Closing
Aug 27, 2021
AI
The property involved in this closed transaction is an office building located at 3440 Hollywood Blvd in Hollywood, FL. The transaction took place on August 27, 2021. The property has a total square footage of 250,000.
Summary of transation details
- Property Type: Office
- Transaction Amount: $46,300,000
- Lender: Argentic
- Landlord: Fox Ridge Capital, TKF Real Estate & Jax Capital Investments
- Brokers: Jason Hochman & Ron Granite - Cushman & Wakefield
The lenders for this transaction were Argentic. The landlords involved in the deal were Fox Ridge Capital, TKF Real Estate, and Jax Capital Investments. The brokers representing the transaction were Jason Hochman and Ron Granite from Cushman & Wakefield.
Players
Hollywood Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93