Laith Hermiz Acquires Retail Property In Hollywood,FL For $2.25M
497 South State Road 7, Hollywood, Florida 33023, United States
$2,249,307
$244/SF
Building Size
9,195 SF
Asset Type
Retail
Closing
Jul 4, 2022
AI
The retail property located at 497 S State Road 7 in Hollywood, FL was recently sold in a closed transaction. The property spans a total of 9,195 square feet and was sold for a price of $2,249,307, resulting in a price per square foot of approximately $244.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,249,307
- Address: 497 S State Road 7, Hollywood, FL
- Market: Hollywood, FL
The buyer of the property was Laith Hermiz, while the seller was Richard J. Krammer & Darren Wills.
Players
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
7.05%
Cash-on-Cash
-2.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93