Alex Karakhanian Acquires Retail Property In Hallandale Beach 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 13, 2022
About this deal
AI
A retail property located at 633 West Pembroke Road in Hallandale Beach has been sold for a price of $3,050,000. The property, with a size of 8,254 square feet, sits on a lot measuring 33,354 square feet. The sale was completed on January 13, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,050,000
- Market: Hallandale Beach
- Address: 633 West Pembroke Road
- Size: 8,254 square feet
- Lot Size: 33,354 square feet
Alex Karakhanian acquired the property from Jack Forgash - Family D Hallandale. Apex Capital Realty and Land Deals represented the buyer, with Miguel Pinto and Jamie Rose Maniscalco serving as the brokers in the transaction.
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93