Pacific Star Capital Acquires Retail Property On Hallandale Beach Boulevard For $58M
600 East Hallandale Beach Boulevard, Hallandale Beach, Florida 33009, United States
$58,000,000
$892/SF
Building Size
65,000 SF
Asset Type
Retail
Closing
Sep 1, 2022
About this deal
AI
On September 2, 2022, a retail property located at 600 East Hallandale Beach Boulevard in Hallandale Beach was sold for a total of $58,000,000. The property sits on approximately 8 acres and spans a total of 65,000 square feet. The sale price amounted to $892 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $58,000,000
- Address: 600 East Hallandale Beach Boulevard
- Market: Hallandale Beach
- Size: 65,000 square feet
Pacific Star Capital, represented by Aria Mehrabi and David Walker, acquired the property from Château Group, represented by Manuel Grosskopf. The deal concluded successfully, marking an important transaction in the retail market.
On the Map
$58,000,000
$892/SF
Retail
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Players
Hallandale Beach 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93