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.
Hollywood Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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