Henry Ma Acquires Hollywood Office Building For $4M
SOLD
$4,000,000
Florida
See Similar DealsOffice23,411 SF
Sold 12/01/2023
SOLD
Henry Ma Acquires Hollywood Office Building For $4M
210 Federal Highway
See Similar DealsOffice23,411 SF
Sold 12/01/2023
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$170
Total Square Footage:23,411 SF
Transaction Type:Sale
The office property located at 210 Federal Highway in Hollywood has been sold in a recent transaction. The property spans a total of 23,411 square feet and was sold for a price of $4,000,000, resulting in a price per square foot of $171.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $4,000,000
- Address: 210 Federal Highway
- Market: Hollywood
- Buyer: Henry Ma
- Seller: Vladimir Grnja
- Brokers: Justin Walker & Kaylan Knitowski - Sands Investment Group
The buyer in this transaction is Henry Ma, while Vladimir Grnja is the seller. The deal was facilitated by brokers Justin Walker and Kaylan Knitowski from Sands Investment Group.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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