Soliman Investments USA Acquires Office Asset From KEI Properties For $16.5M In Hallandale Beach
1250 E Hallandale Beach Boulevard
$16,500,000
$149/SF
Building Size
110,447 SF
Asset Type
Office
Closing
Mar 30, 2021
About this deal
AI
The property involved in this transaction is an office asset located at 1250 E Hallandale Beach Boulevard in Hallandale Beach. The sale was completed for a price of $16,500,000.00, covering a total area of 110,447 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,500,000.00
- Address: 1250 E Hallandale Beach Boulevard
- Market: Hallandale Beach
- Square Footage: 110,447.0
- Buyer: Soliman Investments USA
- Seller: KEI Properties
- Broker: Alejandro Snyder - Current Real Estate Advisors
This transaction features Soliman Investments USA as the buyer and KEI Properties as the seller. Alejandro Snyder from Current Real Estate Advisors represented the seller in this deal, facilitating the closing of the transaction on March 30, 2021.
On the Map
$16,500,000
$149/SF
Office
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Players
Hallandale Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93