Giampaolo Guarino Acquires Retail Property On Hollywood Blvd In $2.14M Deal
SOLD
$2,146,250
Florida
See Similar DealsRetail5,825 SF
Sold 08/30/2021
SOLD
Giampaolo Guarino Acquires Retail Property On Hollywood Blvd In $2.14M Deal
2655 Hollywood Blvd, Hollywood, FL, USA
See Similar DealsRetail5,825 SF
Sold 08/30/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$368
Total Square Footage:5,825 SF
Transaction Type:Sale
The retail property located at 2655 Hollywood Blvd in Hollywood has been sold in a recent transaction. The sale took place on 08/30/2021, and the property was acquired for a total price of $2,146,250. The asset spans a total of 5,825 square feet, resulting in a price per square foot of $368. The lot size is 29,810 square feet, with a price per lot square foot of $72.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,146,250
- BSF: 5,825
- PPBSF: $368
- Lot SF: 29,810
- PPLSF: $72
The buyer of the property was Giampaolo Guarino, while the seller was TCII Capital Group, represented by Jason Glaser. Jose Sasson from Axiom Capital Advisors acted as the buyer's representative, and Steve Schrenk from Forged Real Estate served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,625.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,174.32
Annual Debt Service$122,091.84
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