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2655 Hollywood Blvd, Hollyw...

Giampaolo Guarino Acquires Retail Property On Hollywood Blvd In $2.14M Deal
SOLDRetail

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

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$872.9M

vol

77 deals

Broker

Giampaolo Guarino

Buyer

$3.2M

vol

2 deals

Buyer

Jason Glaser

TCII Capital Group

Seller

$55M

vol

3 deals

Seller

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