Paul Goldenberg Acquires Retail Property In Hallandale Beach For $5.75M
250 Federal Highway
$5,750,000
$385/SF
Building Size
14,921 SF
Asset Type
Retail
Closing
May 10, 2022
AI
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
Hallandale Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93