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Kenton Wright & Howard Sands Acquire Store In Hollywood, FL For $7.6M

Property Image
SOLD
$7,610,866

Florida

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Retail15,717 SF
Sold 09/07/2022
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Property Image
SOLD

Kenton Wright & Howard Sands Acquire Store In Hollywood, FL For $7.6M

8001 Miramar Parkway, Miramar, Florida 33025, United States

See Similar Deals
Retail15,717 SF
Sold 09/07/2022
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$484
Total Square Footage:15,717 SF
Transaction Type:Sale

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

3 deals$24.3M volume
BUYER

Details

SOLD
IMAGE: 09/07/2022 ADDRESS: 8001 Miramar Pkwy MARKET: Hollywood,FL ASSET TYPE: Store BUYER: Kenton Wright & Howard Sands SELLER: John Standley & Brian Brown PRICE: $7,610,866 SF: 15,717 ~ PPSF: $484

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$405,912.83

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,039.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,079.39
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