Kenton Wright & Howard Sands Acquire Store In Hollywood, FL For $7.6M
8001 Miramar Parkway, Miramar, Florida 33025, United States
$7,610,866
$484/SF
Building Size
15,717 SF
Asset Type
Retail
Closing
Sep 6, 2022
AI
The property at 8001 Miramar Pkwy in Hollywood, FL has been sold in a closed transaction. The store, with a total area of 15,717 square feet, was purchased for a price of $7,610,866, resulting in a price per square foot of $484. The buyers of the property are Kenton Wright and Howard Sands, while the sellers are John Standley and Brian Brown.
Summary of transaction details:
- Property Type: Store
- Transaction Amount: $7,610,866
- Address: 8001 Miramar Pkwy
- Market: Hollywood, FL
- Buyer: Kenton Wright & Howard Sands
- Seller: John Standley & Brian Brown
- Size: 15,717 square feet
- Price per Square Foot: $484
Kenton Wright and Howard Sands have successfully acquired the store located at 8001 Miramar Pkwy in Hollywood, FL. Their purchase from sellers John Standley and Brian Brown marks a significant transaction in the real estate market. The store offers ample space, with a total area of 15,717 square feet, and was sold for a price of $7,610,866, resulting in a price per square foot of $484.
Players
Miramar 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
2.08%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93