David Shalman Acquires Hollywood Office Building For $6.9M
1721 Pierce Street, Hollywood, Florida 33020, United States
$6,933,043
$5,618/SF
Building Size
1,234 SF
Asset Type
Office
Closing
Oct 13, 2022
About this deal
AI
An office building located at 1721 Pierce St in Hollywood, FL has been sold in a recent transaction. The property spans approximately 1,234 square feet. The sale price for the building was $6,933,043, resulting in a price per square foot of $5,618.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $6,933,043
- Address: 1721 Pierce St, Hollywood, FL
- Market: Hollywood, FL
- Buyer: David Shalman
- Seller: Robert Stevenson
David Shalman was the buyer in this transaction, while Robert Stevenson acted as the seller. The deal was closed on October 14, 2022.
Players
Hollywood 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
2.29%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93