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4295 Davie Rd, Hollywood, F...

Joseph M. Erlinger & Mahrukh Hussain Acquire Restaurants Property In Hollywood,FL For $2.5M
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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

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.

Players

Joseph M. Erlinger

Buyer

$4.6M

vol

2 deals

Buyer

Jonathan Wizman

Seller

$52.7M

vol

6 deals

Seller

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