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Inwood Properties LLC & Champagne & Parisi Real Estate Acquire Office Building In Hollywood For $2.3M

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SOLD
$2,300,000

Florida

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Office13,432 SF
Sold 11/16/2021
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Property Image
SOLD

Inwood Properties LLC & Champagne & Parisi Real Estate Acquire Office Building In Hollywood For $2.3M

2115 Hollywood Blvd, Hollywood, FL, USA

See Similar Deals
Office13,432 SF
Sold 11/16/2021
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$171
Total Square Footage:13,432 SF
Transaction Type:Sale

The office property located at 2115 Hollywood Blvd in Hollywood has been sold in a recent transaction. The property spans 13,432 square feet and is situated in a prime location in the Hollywood market. The sale price for this asset was $2,300,000, with an asking price of $2,600,000. The price per square foot (PPSF) is $171.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,300,000
  • Address: 2115 Hollywood Blvd
  • Market: Hollywood
  • Square Footage: 13,432
  • Asking Price: $2,600,000
  • Price Per Square Foot: $171

The buyer's representatives in this deal were Pablo M Barreiro from Inwood Properties LLC and Olivier Hannoun from Champagne & Parisi Real Estate. They represented the buyer in the transaction.

Players

4 deals$14.7M volume
BROKER

Details

SOLD
IMAGE: Pablo M Barreiro DATE: 11/16/2021 ADDRESS: 2115 Hollywood Blvd MARKET: Hollywood ASSET TYPE: Office BUYER'S REP: Pablo M Barreiro ([email protected]) - Inwood Properties LLC & Olivier Hannoun ([email protected]) - Champagne & Parisi Real Estate ASKING PRICE: $2,600,000 SALE PRICE: $2,300,000 SF: 13,432 ~ PPSF: $171

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08