facebook
Traded Co logo
Submit

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

Property Image
SOLD
$5,900,000

Florida

See Similar Deals
Office10,000 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Office10,000 SF
Sold
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$590
Total Square Footage:10,000 SF
Transaction Type:Sale

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
8 deals$162.2M volume(312) 777-2437
BROKER

Ben Reinberg
4 deals$30.2M volume
SELLER

Details

SOLD
IMAGE: Ben Reinberg & Isaiah Harf DATE: 04/20/2021 ADDRESS: 22 Southwest 11th Street MARKET: Hallandale Beach ASSET TYPE: Medical Office BUYER: 30 Sherman Ave. Realty SELLER: Alliance Consolidated Group of Companies - Ben Reinberg SELLER'S REP: Isaiah Harf - Stan Johnson Company PRICE: $5,900,000 SF: 10,000 ~ PPSF: $590

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$314,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12