ATCG LLC Acquires Office Building In Hollywood For $15.25M
9900 Stirling Road, Hollywood, FL, USA
$15,250,000
$236/SF
Building Size
64,436 SF
Asset Type
Office
Closing
Dec 29, 2020
About this deal
AI
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.
On the Map
$15,250,000
$236/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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93