Marcellus W. Osceola Jr & Mitchell Cypress Acquire Retail Property In Hollywood, FL For $2.9M
2807 State Road 7, Hollywood, Florida 33021, United States
$2,900,000
$292/SF
Building Size
9,930 SF
Asset Type
Retail
Closing
Mar 3, 2022
About this deal
AI
The retail property located at 2805-2807 N State Road 7 in Hollywood, FL was recently sold for $2,900,000. The property has a total square footage of 9,930, resulting in a price per square foot of $292.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $2,900,000
- Address: 2805-2807 N State Road 7, Hollywood, FL
- Market: Hollywood, FL
- Square Footage: 9,930
- Price Per Square Foot: $292
The buyers of the property are Marcellus W. Osceola Jr & Mitchell Cypress, while the sellers are Peter Gagaoudakis & Petros Gagaoudakis.
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93