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
About this deal
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