ATCG LLC Acquires Office Building In Hollywood For $15.25M
SOLD
$15,250,000
+ 2
Florida
See Similar DealsOffice64,436 SF
Sold 12/30/2020
SOLD
ATCG LLC Acquires Office Building In Hollywood For $15.25M
9900 Stirling Road, Hollywood, FL, USA
See Similar DealsOffice64,436 SF
Sold 12/30/2020
+ 2
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$236
Total Square Footage:64,436 SF
Transaction Type:Sale
The office property located at 9900 & 10000 Stirling Road in Hollywood was recently sold. The transaction took place on 12/30/2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,250,000
- Address: 9900 & 10000 Stirling Road, Hollywood
- Market: Hollywood
The buyer of the property was ATCG LLC, while the seller was The Centre at Stirling & Palm, Inc. The deal was facilitated by Cushman & Wakefield, with Scott O’Donnell, Greg Miller, Mike Ciadella, Dominic Montazemi, and Miguel Alcivar representing the parties involved in the transaction.
The size of the property is approximately 64,436 square feet, with a price per square foot of $237.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$813,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,180.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,292.78
Annual Debt Service$867,513.36
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