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2590 Hollywood Boulevard

Nick Polyushkin of Vera Realty Represents the Seller in a $4.875M Class-A Office Building Sale in Hollywood.
SOLDOffice

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

Nick Polyushkin

Vera Realty

Broker

$31.9M

vol

5 deals

Broker

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