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
Hollywood Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
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