Updated Oct 29, 2024
The Phoenix House Of South Florida Leases Student Housing In Hollywood
2415 Pierce St Hollywood, FL 33020, USA
$20
$20/SF
Building Size
5,000 SF
Asset Type
Student Housing
Closing
Jul 1, 2023
About this deal
AI
The student housing property located at 2415 Pierce Street in Hollywood has been leased to The Phoenix House Of South Florida. The property offers 5,000 square feet of space and comes with an asking rent of $20 per square foot. The lease term is for 3 years.
Summary of transaction details
- Property Type: Student Housing
- Address: 2415 Pierce Street, Hollywood
- Tenant: The Phoenix House Of South Florida
- Asking Rent: $20 per square foot
- Lease Term: 3 years
The transaction was facilitated by Yaacov Poston and Shlomo Poston from The Real Estate Lab, who represented both the landlord, Eli Pinson, and the tenant, The Phoenix House Of South Florida.
Players
Miami Student Housing Market Snapshot
Boundary boundary · Student Housing · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
793150.00%
Cash-on-Cash
-226684.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93