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4150 N 28th Terrace, Hollyw...

HLOM LLC Acquires Retail Building In Hollywood For $6.75M With Seller's Rep Peter Dacko
SOLDRetail

HLOM LLC Acquires Retail Building In Hollywood For $6.75M With Seller's Rep Peter Dacko

4150 N 28th Terrace, Hollywood, FL, 3...

$6,750,000

$204/SF

Building Size

33,000 SF

Asset Type

Retail

Closing

Nov 22, 2023

AI

The Scan Design Building located at 4150 N. 28th Terrace in Hollywood, FL, was sold for $6,750,000.00. The property spans 33,000 square feet on 1.5 acres and was acquired by HLOM LLC on an all-cash basis. The sale was facilitated by Peter Dacko, representing the seller, M H Berkson Associates LTD.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,750,000.00
  • Asset Type: Retail
  • Seller's Rep: Peter Dacko()
  • Buyer: HLOM LLC
  • Address: 4150 N 28th Terrace, Hollywood, FL
  • Market: Hollywood
  • SF: 33,000

Media Realty and Advisors, Inc. Broker/Owner Peter Dacko played a crucial role in the transaction, acting as the seller's representative. The property, originally serving as a retail showroom with 9-to-14-foot clear ceiling heights, garnered significant interest from buyers, entering escrow within four weeks of being listed. The landmark location of the property offers exceptional visibility to I-95, with daily high traffic counts, making it a sought-after asset in Hollywood's South Florida Industrial Park.

Players

Peter Dacko

Broker

$13.1M

vol

3 deals

Broker

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

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93