Migelan Holding Acquires Office On Hollywood Boulevard For $2.55M
2847 Hollywood Blvd Hollywood, FL 33020, USA
$2,550,000
$377/SF
Building Size
6,750 SF
Asset Type
Office
Closing
Jul 3, 2023
About this deal
AI
An office property located at 2847 Hollywood Boulevard in Hollywood has been sold for $2,550,000. The property spans across 6,750 square feet, resulting in a price per square foot of $378.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,550,000
- Square Footage: 6,750
- Price per Square Foot: $378
- Address: 2847 Hollywood Boulevard, Hollywood
The buyer who acquired the property is Migelan Holding, represented by Michael Vinokur. On the other hand, Kenzo Holdings, represented by Zeljka Bozanic, acted as the seller. Victoria Pappas, from VIP Florida Realty, served as the seller's representative in this transaction.
Players
Miami 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93