Marcus & Millichap Brokers $4.1 Million Sale Of Retail Property On Hollywood Beach Boardwalk
329 Johnson Street
$4,100,000
$1,464/SF
Building Size
2,800 SF
Asset Type
Retail
Closing
Mar 16, 2026
AI
A 2,800-square-foot retail property located at 327-329 Johnson Street in the Hollywood market has been sold for $4,100,000. The property comprises two tenant spaces, fully leased to Fat Tuesday and Hollywood Beach Trikke, situated on the Hollywood Beach boardwalk in Broward County.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,100,000
- Square Footage: 2,800
- Price Per Square Foot: $1,464
- Address: 327-329 Johnson Street
- Market: Hollywood
- Brokers: Drew Kristol & Kirk Olson - Marcus & Millichap
- Seller: Private South Florida investment group
Drew Kristol and Kirk Olson represented the seller in this transaction, highlighting the involvement of Marcus & Millichap in brokering the deal. The presence of established tenants adds stability to the property's investment potential.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93