Giampaolo Guarino Acquires Retail Property On Hollywood Blvd In $2.14M Deal
2655 Hollywood Blvd, Hollywood, FL, USA
$2,146,250
$368/SF
Building Size
5,825 SF
Asset Type
Retail
Closing
Aug 30, 2021
AI
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.
Players
Hollywood 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
7.39%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93