Ignazio Caltagirone & Gaetano Caltagirone Acquire Office Building On Hollywood Blvd In Hollywood, FL For $9.5M
2219 Hollywood Boulevard, Hollywood, Florida 33020, United States
$9,500,000
$1,419/SF
Building Size
6,692 SF
Asset Type
Office
Closing
Apr 27, 2022
About this deal
AI
The office building located at 2219 Hollywood Blvd in Hollywood, FL has been sold for $9,500,000. The property spans 6,692 square feet, resulting in a price per square foot of $1,420. The transaction took place on April 28, 2022, with Ignazio Caltagirone & Gaetano Caltagirone purchasing the property from Joseph Horn.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $9,500,000
- Square Footage: 6,692
- Price Per Square Foot: $1,420
- Address: 2219 Hollywood Blvd, Hollywood, FL
Ignazio Caltagirone & Gaetano Caltagirone, represented by their broker Joseph Horn, acquired the office building at 2219 Hollywood Blvd in Hollywood, FL in the aforementioned transaction. This deal demonstrates their interest in expanding their real estate portfolio and highlights their confidence in the Hollywood, FL market.
On the Map
$9,500,000
$1,419/SF
Office
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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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93