Joseph M. Erlinger & Mahrukh Hussain Acquire Restaurants Property In Hollywood,FL For $2.5M
SOLD
Florida
See Similar DealsRetail3,205 SF
Sold 02/23/2022
SOLD
Joseph M. Erlinger & Mahrukh Hussain Acquire Restaurants Property In Hollywood,FL For $2.5M
4295 Davie Rd, Hollywood, Florida 33024, United States
See Similar DealsRetail3,205 SF
Sold 02/23/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$780
Total Square Footage:3,205 SF
Transaction Type:Sale
The property involved in this closed transaction is a restaurant located at 4295 Davie Rd in Hollywood, FL. The property spans 3,205 square feet and was sold for a price of $2,500,000, resulting in a price per square foot of $780.
Summary of transaction details
- Property Type: Restaurants
- Transaction Amount: $2,500,000
- Square Feet: 3,205
- Price per Square Foot: $780
- Address: 4295 Davie Rd, Hollywood, FL
The buyers involved in this transaction are Joseph M. Erlinger and Mahrukh Hussain. The sellers of the property are Ryan Shapiro and Jonathan S. Wizman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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