Lba Lvf Vii-Company Xxxii LLC Acquires Hollywood Office For $9.7M
7601 Riviera Boulevard, Miramar, FL, USA
$9,700,000
$140/SF
Building Size
68,868 SF
Asset Type
Office
Closing
Aug 31, 2021
About this deal
AI
The office building located at 7601 Riviera Blvd in Hollywood has been sold for $9,700,000. The property spans a total of 68,868 square feet, resulting in a price per square foot of $141. The transaction took place on September 1, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,700,000
- Square Footage: 68,868
- Price per Square Foot: $141
- Address: 7601 Riviera Blvd, Hollywood
Lba Lvf Vii-Company Xxxii LLC has purchased the office building from Clear Channel Broadcasting Inc and Iheartmedia + Entertainment Inc. The buyer's representative in the deal is not mentioned in the information provided.
Players
Miramar 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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93