Marcus & Millichap Capital Corp Arranges $19.5M Loan For Hollywood Garage

The Jaffe Group has closed a transaction for a garage asset located at 101 N Ocean Drive in Hollywood. The garage spans approximately 62,713 square feet and sits on a 4.82-acre lot. The deal was facilitated by broker Jared Cassidy from Marcus & Millichap Capital Corporation.

Summary of transaction details:

• Property Type: Garage
• Transaction Amount: $19,500,000
• Date: 08/23/2022
• Address: 101 N Ocean Drive
• Market: Hollywood
• Asset Type: Garage
• Square Footage: 62,713
• Acres: 4.82

The Jaffe Group, acting as the landlord, closed the deal with the assistance of Jared Cassidy from Marcus & Millichap Capital Corporation. The terms of the loan include a ten-year fixed-rate loan with a 25-year amortization schedule.