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
Hallandale Beach 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93