Joseph M. Erlinger & Mahrukh Hussain Acquire Restaurants Property In Hollywood,FL For $2.5M
4295 Davie Rd, Hollywood, Florida 33024, United States
$2,500,000
$780/SF
Building Size
3,205 SF
Asset Type
Retail
Closing
Feb 22, 2022
About this deal
AI
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.
On the Map
$2,500,000
$780/SF
Retail
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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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93