Laith Hermiz Acquires Retail Property In Hollywood For $5.1M
SOLD
$5,075,000
Florida
See Similar DealsRetail19,692 SF
Sold 06/02/2021
SOLD
Laith Hermiz Acquires Retail Property In Hollywood For $5.1M
2147 Pembroke Rd, Hollywood, FL, USA
See Similar DealsRetail19,692 SF
Sold 06/02/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$257
Total Square Footage:19,692 SF
Transaction Type:Sale
Located at 2147 Pembroke Rd in Hollywood, this retail property was recently involved in a closed transaction. The property spans a total area of 19,692 square feet, with a per square foot price (PPSF) of $258. The sale took place on 06/02/2021 and the property was sold for a total price of $5,075,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,075,000
- SF: 19,692
- PPSF: $258
Laith Hermiz represented the buyer, while Brian Cohen acted as the seller in this transaction. Their respective agencies were not provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$270,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,030.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,058.09
Annual Debt Service$288,697.07
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