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300 West Hallandale Beach B...

Alex Leiter & Robert Rodriguez Acquire Retail Property In Hallandale For $2.6M
SOLDRetail

Alex Leiter & Robert Rodriguez Acquire Retail Property In Hallandale For $2.6M

300 West Hallandale Beach Boulevard, Hallandale Beach, Florida 33023, United States

$2,575,000

$173/SF

Building Size

14,808 SF

Asset Type

Retail

Closing

Jan 26, 2022

AI

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.

Players

Miguel Pinto

APEX Capital Realty

Broker

$330.5M

vol

50 deals

Broker

Scott Milgram

Seller

$14.9M

vol

4 deals

Seller

Hallandale 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

6.16%

Cash-on-Cash

-1.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93