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22 Southwest 11th Street, H...

30 Sherman Ave. Realty Acquires Medical Office In Hallandale Beach For $5.9M
SOLDOffice

30 Sherman Ave. Realty Acquires Medical Office In Hallandale Beach For $5.9M

22 Southwest 11th Street, Hallandale Beach, FL, USA

$5,900,000

$590/SF

Building Size

10,000 SF

Asset Type

Office

Closing

Apr 19, 2021

AI

A medical office located at 22 Southwest 11th Street in Hallandale Beach has been sold for $5,900,000. The property spans 10,000 square feet, resulting in a price per square foot of $590. The buyer in this transaction was 30 Sherman Ave. Realty, while the seller was Alliance Consolidated Group of Companies, represented by Ben Reinberg. The seller's representative, Isaiah Harf, facilitated the deal through Stan Johnson Company.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $5,900,000
  • Address: 22 Southwest 11th Street, Hallandale Beach
  • Market: Hallandale Beach
  • Buyer: 30 Sherman Ave. Realty
  • Seller: Alliance Consolidated Group of Companies - Ben Reinberg
  • Seller's Representative: Isaiah Harf - Stan Johnson Company
  • Square Footage: 10,000
  • Price per Square Foot: $590

The sale of this medical office involved the buyer, 30 Sherman Ave. Realty, and the seller, Alliance Consolidated Group of Companies, represented by Ben Reinberg. The transaction was facilitated by Isaiah Harf of Stan Johnson Company. The property, located at 22 Southwest 11th Street in Hallandale Beach, spans 10,000 square feet and was sold for $5,900,000, at a price per square foot of $590.

Players

Isaiah Harf

NorthMarq

Broker

$162.2M

vol

8 deals

Broker
Ben Reinberg

Ben Reinberg

Alliance Consolidated Group of Companies

Seller

$30.2M

vol

4 deals

Seller

Hallandale Beach Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93