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8001 Miramar Parkway, Miram...

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

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

Kenton Wright

Corporate Partners Capital Group

Buyer

$24.3M

vol

3 deals

Buyer

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