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
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