Alexander Karakhanian Acquires Retail Property In Hallandale For $3.05M
633 West Pembroke Road, Hallandale Beach, Florida 33009, United States
$3,050,000
$369/SF
Building Size
8,254 SF
Asset Type
Retail
Closing
Jan 14, 2022
About this deal
AI
The property asset involved in this transaction is a retail space located at 633 Pembroke Rd, Hallandale, FL. The asset encompasses a total area of 8,254 square feet and was sold for $3,050,000, resulting in a price per square foot of $369.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,050,000
- Buyer: Alexander Karakhanian
- Seller: Elliott Forgash
- Market: Hallandale, FL
- Square Footage: 8,254
- Price per Square Foot: $369
This transaction involved Alexander Karakhanian as the buyer, while Elliott Forgash represented the seller in the deal. The transaction took place on January 14, 2022, indicating a clear shift in ownership within the Hallandale retail market.
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93