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Paul Goldenberg Acquires Retail Property In Hallandale Beach For $5.75M

Property Image
SOLD
$5,750,000
Brandon Holmes
Matthew Albregts
Jonathan De La Rosa
+ 1

Florida

See Similar Deals
Retail14,921 SF
Sold 05/10/2022
the dealplayerscompscontact
Property Image
SOLD

Paul Goldenberg Acquires Retail Property In Hallandale Beach For $5.75M

250 Federal Highway

See Similar Deals
Retail14,921 SF
Sold 05/10/2022
Brandon Holmes
Matthew Albregts
Jonathan De La Rosa
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$385
Total Square Footage:14,921 SF
Transaction Type:Sale

The retail property located at 250 N Federal Hwy in Hallandale Beach has been sold for a price of $5,750,000. The transaction took place on May 10, 2022, with a total square footage of 14,921. The property is situated in a prime location in Hallandale Beach, known for its vibrant market.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,750,000
  • Square Footage: 14,921
  • Address: 250 N Federal Hwy, Hallandale Beach
  • Market: Hallandale Beach

The buyer, Paul Goldenberg, acquired the property from the seller, Freddy Fadel. Representing the buyer was Brandon Holmes from Marcus & Millichap, while Jonathan De La Rosa and Matthew Albregts from the same firm represented the seller. The deal was facilitated by these key individuals and companies, demonstrating their expertise and involvement in the transaction.

Players

Jonathan De La Rosa
Marcus & Millichap
Jonathan De La Rosa
140 deals$624.6M volume(786) 522-7027
BROKER
Matthew Albregts
Marcus & Millichap
Matthew Albregts
25 deals$99.6M volume(305) 793-2826
BROKER
Brandon Holmes
Marcus & Millichap
Brandon Holmes
9 deals$36.1M volume
BROKER
PG
Paul Goldenberg
2 deals$12.6M volume
BUYER

Details

SOLD
IMAGE: Matthew Albregts, Jonathan De La Rosa & Brandon Holmes DATE: 05/10/2022 ADDRESS: 250 N Federal Hwy MARKET: Hallandale Beach ASSET TYPE: Retail BUYER: Paul Goldenberg SELLER: Freddy Fadel BUYER'S REP: Brandon Holmes (@BrandonsAdventure) - Marcus & Millichap SELLER'S REP: Jonathan De La Rosa (@J_dlr_) & Matthew Albregts (@Matt_Albregts) - Marcus & Millichap (@MarcusMillichap_Fl) SALE PRICE: $5,750,000 SF: 14,921 ~ PPSF: $385

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

$306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,428.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,257.93
Annual Debt Service$327,095.20