Jamie Sanchez Acquires Hollywood Office Building For $5.6M
3801 Hollywood Boulevard, Hollywood, Florida 33021, United States
$5,600,000
$285/SF
Building Size
19,616 SF
Asset Type
Office
Closing
Dec 30, 2021
About this deal
AI
An office property located at 3801 Hollywood Blvd in Hollywood was recently sold for $5,600,000. The transaction took place on December 30, 2021. The property spans a total area of 19,616 square feet, resulting in a price per square foot of $285.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,600,000
- Square Footage: 19,616
- Address: 3801 Hollywood Blvd
- Market: Hollywood
The buyer in this transaction was Jamie Sanchez, while Ellyn Freedman acted as the seller. The deal was facilitated by Tyler S. Kuhlman and Douglas K. Mandel, who represented both parties as brokers from Marcus & Millichap.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93