Nick Polyushkin of Vera Realty Represents the Seller in a $4.875M Class-A Office Building Sale in Hollywood.
2590 Hollywood Boulevard
$4,875,000
$482/SF
Building Size
10,104 SF
Asset Type
Office
Closing
Nov 18, 2024
AI
The property involved in this transaction is a freestanding office building located at 2590 Hollywood Boulevard, Hollywood in South Florida. It sold for $4,875,000, covering a total area of 10,104 square feet, which translates to a price per square foot of $482. This Class-A office building features a high-end modern buildout and is strategically situated just east of I-95 near the City Hall Circle, with an additional parking lot offering more than 30 parking spaces for tenants and clients.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,875,000
- Square Footage: 10,104 SF
- Price per Square Foot: $482
- Address: 2590 Hollywood Boulevard, Hollywood, South Florida
- Seller: John Demarco - Remax
- Seller's Representative: Nick Polyushkin - Vera Realty
Key individuals involved in the transaction include John Demarco, the seller representing Remax, and Nick Polyushkin, who represented the seller in this deal through Vera Realty. This transaction highlights the collaboration between the two parties in achieving a successful sale of the property.
Players
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
3.25%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93