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

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SOLD
$6,300,000

Florida

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SOLD

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

7110 Stirling Rd, Hollywood, FL, 33024

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Other24,623 SF
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$255
Total Square Footage:24,623 SF
Transaction Type:Sale

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
39 deals$386.5M volume
BROKER

Jonathan de Maa
Franklin Street
4 deals$29.5M volume
BROKER

Details

SOLD
IMAGE: 7110 Stirling Rd, Hollywood, FL, 33024 MARKET: Hollywood BUYER'S REP: Greg Matus-Franklin Street, Jonathan de Maa-Franklin Street BUYER: Local Private Investor SELLER: PRICE: $6,300,000.00 SF: 24623

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$336,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57