Alex Leiter & Robert Rodriguez Acquire Retail Property In Hallandale For $2.6M
SOLD
$2,575,000
Florida
See Similar DealsRetail14,808 SF
Sold 01/27/2022
SOLD
Alex Leiter & Robert Rodriguez Acquire Retail Property In Hallandale For $2.6M
300 West Hallandale Beach Boulevard, Hallandale Beach, Florida 33023, United States
See Similar DealsRetail14,808 SF
Sold 01/27/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$173
Total Square Footage:14,808 SF
Transaction Type:Sale
A retail property located at 300 Hallandale Blvd. in Hallandale has been sold for a total price of $2,575,000. The property spans 14,808 square feet, resulting in a price per square foot of $174. The sale took place on January 27, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,575,000
- Address: 300 Hallandale Blvd.
- Market: Hallandale
- Square Footage: 14,808
- Price per Square Foot: $174
The buyer of the property is Alex Leiter & Robert Rodriguez, while the sellers are Scott Milgram & Michelle Robinson. The transaction was facilitated by Miguel Pinto of Apex Capital Realty, who represented both the buyer and the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$137,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,148.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,206.81
Annual Debt Service$146,481.76
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