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1250 E Hallandale Beach Blv...

Soliman Corp Acquires Office Building In Hallandale Beach, FL For $16.5M
SOLDOffice

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

Adam Tiktin

Franklin Street

Broker

$261.4M

vol

20 deals

Broker
KP
KEI PropertiesSeller

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