Laith Hermiz Acquires Retail Property In Hollywood,FL For $2.25M
SOLD
$2,249,307
Florida
See Similar DealsRetail9,195 SF
Sold 07/05/2022
SOLD
Laith Hermiz Acquires Retail Property In Hollywood,FL For $2.25M
497 South State Road 7, Hollywood, Florida 33023, United States
See Similar DealsRetail9,195 SF
Sold 07/05/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$244
Total Square Footage:9,195 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$119,963.04
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,991.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,662.86
Annual Debt Service$127,954.35
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