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4400 Hollywood Boulevard

Felipe Massu Of 4400 Hollywood Blvd Investments Buys Retail Property On Hollywood Blvd For $3.8M
SOLDRetail

Felipe Massu Of 4400 Hollywood Blvd Investments Buys Retail Property On Hollywood Blvd For $3.8M

4400 Hollywood Boulevard

$3,800,000

$112/SF

Building Size

33,924 SF

Asset Type

Retail

Closing

Dec 22, 2023

AI

Located at 4400 Hollywood Boulevard in Hollywood, this retail property was the subject of a recent transaction. The property spans 33,924 square feet and was sold for $3,800,000, equating to a price per square foot of $112.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,800,000
  • Buyer: Felipe Massu – 4400 Hollywood Blvd Investments
  • Seller: Ursula Blumenaner – Square Limited
  • Buyer's Rep: Bryan Demello - SoFlo Property Group
  • Address: 4400 Hollywood Boulevard
  • Market: Hollywood

The deal was facilitated by Bryan Demello from SoFlo Property Group, representing the buyer, Felipe Massu – 4400 Hollywood Blvd Investments, in the transaction with the seller, Ursula Blumenaner from Square Limited.

Players

Bryan Demello

SoFlo Property Group

Broker

$50.1M

vol

3 deals

Broker

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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93