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3702 Washington St, Hollywo...

Chaim Cahane & Dov Tepper Acquire Hollywood Office Building For $11M
SOLDOffice

Chaim Cahane & Dov Tepper Acquire Hollywood Office Building For $11M

3702 Washington St, Hollywood, FL, USA

$11,000,000

$261/SF

Building Size

42,000 SF

Asset Type

Office

Closing

Oct 14, 2021

AI

Fort Capital Management has acquired an office property located at 3702 Washington St in Hollywood. The transaction was completed on October 14, 2021, with a sale price of $11,000,000. The property spans an impressive 42,000 square feet, resulting in a price per square foot of $262. The seller in this deal was Ariel Soffer.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $11,000,000
  • Address: 3702 Washington St
  • Date: 10/14/2021
  • Market: Hollywood

Chaim Cahane and Dov Tepper, representing Forte Capital Management, acted as the buyers in this transaction. They facilitated the acquisition of the property on behalf of Forte Capital Management. The buyer's representatives worked alongside Ariel Soffer, the seller, to successfully close the deal at the asking price of $11,000,000.

Players

Chaim Cahane

Forte Capital Management

Buyer

$52.4M

vol

9 deals

Buyer

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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93