facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Office

/

Loan

/

3440 Hollywood Blvd, Hollyw...

Cushman & Wakefield Brokers Secure $46.3M Loan For Hollywood Blvd Office Acquisition
FINANCEDOffice

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

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

Jason Hochman

Cushman & Wakefield

Broker

$1B

vol

28 deals

Broker
Newmark
NewmarkBrokerage
Argentic Real Estate Investment
Argentic Real Estate InvestmentLender

Hollywood Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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