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Marcus & Millichap Brokers $4.1 Million Sale Of Retail Property On Hollywood Beach Boardwalk
SOLD
$4,100,000
Florida
See Similar DealsRetail2,800 SF
Sold 03/16/2026
SOLD
Marcus & Millichap Brokers $4.1 Million Sale Of Retail Property On Hollywood Beach Boardwalk
329 Johnson Street
See Similar DealsRetail2,800 SF
Sold 03/16/2026
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,464
Total Square Footage:2,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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