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7110 Stirling Rd, Hollywood...

Local Private Investor Acquires Property At 7110 Stirling Rd In Hollywood For $6.3M
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Local Private Investor Acquires Property At 7110 Stirling Rd In Hollywood For $6.3M

7110 Stirling Rd, Hollywood, FL, 33024

$6,300,000

$255/SF

Building Size

24,623 SF

Asset Type

Other

Closing

Nov 20, 2023

AI

Davie Plaza is a shopping center located at 7110 Stirling Rd, Hollywood, FL, 33024, which encompasses a total area of 24,623 square feet. The property was sold for $6,300,000. It is notable for being 100 percent leased at the time of sale, featuring tenants such as anchor Boost Mobile, and includes a retail outparcel ground-leased to McDonald's.

Summary of transaction details:

  • Property Type: Shopping Center
  • Transaction Amount: $6,300,000.00
  • Address: 7110 Stirling Rd, Hollywood, FL, 33024
  • Market: Hollywood
  • Buyer's Representative: Greg Matus - Franklin Street, Jonathan de Maa - Franklin Street
  • Buyer: Local Private Investor
  • Seller: Davie Investments LLC
  • Square Footage: 24,623

The deal was facilitated by Greg Matus and Jonathan De Maa of Franklin Street, representing a local private investor in the acquisition. The seller of the property was an entity operating as Davie Investments LLC. The shopping center is strategically positioned on the corner of Stirling and Davie roads, surrounded by other retail plazas and various multifamily development projects.

Players

Greg Matus

Franklin Street

Broker

$386.5M

vol

39 deals

Broker

Hollywood Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93