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210 Federal Highway

Henry Ma Acquires Hollywood Office Building For $4M
SOLDOffice

Henry Ma Acquires Hollywood Office Building For $4M

210 Federal Highway

$4,000,000

$170/SF

Building Size

23,411 SF

Asset Type

Office

Closing

Dec 1, 2023

AI

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.

Players

Justin Walker

Franklin Street

Broker

$72.8M

vol

12 deals

Broker

Henry Ma

Buyer

$15.8M

vol

2 deals

Buyer

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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93