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
About this deal
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.
On the Map
$11,000,000
$261/SF
Office
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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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93