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 asset involved in this transaction is an office located at 1250 E Hallandale Beach Boulevard, situated in the Hallandale Beach market. The asset was sold for $16,500,000.00 with a total square footage of 110,447.0.
Summary of transation 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
The key individuals involved in this transaction include Soliman Investments USA as the buyer, and KEI Properties as the seller. Alejandro Snyder represented the seller through Current Real Estate Advisors.
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