Soliman Corp Acquires Office Building In Hallandale Beach, FL For $16.5M
1250 E Hallandale Beach Blvd, Hallandale Beach, FL, USA
$16,500,000
$140/SF
Building Size
117,668 SF
Asset Type
Office
Closing
Mar 30, 2021
AI
An office property located at 1250 E. Hallandale Beach Blvd in Hallandale Beach, FL, has been sold for a price of $16,500,000. The property spans 117,668 square feet, resulting in a price per square foot of $147.59. The sale took place on 03/31/2021 and the buyer was Soliman Corp. The seller was Murray Family Associates - KEI Properties. The transaction was facilitated by Adam J. Tiktin of Tiktin Real Estate Investment Services.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $16,500,000
- Address: 1250 E. Hallandale Beach Blvd, Hallandale Beach, FL
- Market: Hallandale Beach, FL
Adam J. Tiktin, representing Tiktin Real Estate Investment Services, played a crucial role in the successful completion of the deal. The involvement of Soliman Corp as the buyer and Murray Family Associates - KEI Properties as the seller highlights the parties involved in the transaction.
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