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4150 N 28th Terrace, Hollyw...

Updated Oct 29, 2024

Bilt advertisement
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

About this deal

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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Deal FAQ

About $204 per square foot on a published $6.8M for 33,000 square feet (2024).

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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

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