$8,750,000
MLS# A1553050
Status: Closed
40857 sqft
1 / 16
Property Description
Stabilized 100% occupied,mostly credit shopping center anchored by Walgreens, Bank United,Car Financial-Wells Fargo, Cyber Cuts,Firehouse Subs,restaurants & other service providers.Actual 7% cap currently on full asking price with tremendous upside potent ial. Located in Prime Hollywood Hills Fl. Situate on 553 Linear Ft facing 6 lane east/west high traffic Hollywood Blvd.Surrounding properties are The famous award winning Presidential Plaza office building,& across from Broward County Southern Courthouse.
Details
Contract Information
Comp Sale YN: No
Listing Date: 2011-09-22
Status: Closed
Original List Price: 10000000
Sold Price: $8,750,000
Current Price: $8,750,000
Location and Legal
County Or Parish: Broward
County Parish Name: Broward
State Or Province: FL
Postal Code: 33021
Geographic Area: HWCE - Hollywood Central (3070-3100)
Subdivision Number: 2
Zoning: B2
Directions: LESS THAN TWO MILES WEST OF I-95 EXIT (HOLLYWOOD BLVD.) LESS THAN 3 MILES EAST OF FL. TURNPIKE (HOLLYWOOD BLVD)
Property Description: SHOPPING CENTER
General Property Information
Number Of Buildings: 2
Property Sub Type: Office
Number Of Units Total: 7
Occupant Type: Tenant
Building Area Main: 40857
Year Built: 1992
Year Built Details: YearBuiltDescription Resale
Lot Size Area: 154202.4
Lot Size Acres: 3.54
Financial Information
Tax Year: 2010
Tax Assessed/SOH Value: 6477520
Tax Legal Description: HOLLYWOOD HILLS 6-22 B LOTS 1 THRU 10 & S 7.5 OF VAC ALLEYABUTTING SAME BLK 56 & LOT 19,LOT 20,21,22 LESS PT FOR ALLEYDESC IN OR 2
Status Change Information
Major Change Timestamp: 2013-01-01T00:07:31Z
Major Change Type: Status Change
Status Change Date: 2013-01-02
Under Contract Date: 2012-07-26
Close Date: 2012-12-31
Close Price: 8750000
Buyer Financing: Conventional
Building and Property Details
Door Height: 8-10'
Income and Expenses
Gross Scheduled Income: 1000000
Inc/Exp Statement Period: 2011
Net Operating Income: 700000
Other Expense: 300000
Real Estate Taxes: 172558
Occupancy Percentage: 99.9
Buyer Details
Intended Use: Primary Residence
Zip Code: 33129
Concessions
Seller Concessions: No
Section Details
Parcel Number MLX: 2130
Originating Details
Originating System Key: 27317044
Originating System ID: M00000151
Property Features
Documents Available: Other Available Information
Electric: 110 Volts
Flooring: Tile; Other
Heating: Central Individual
Location of Property: City Location; Corner Unit
Parking Features: Common
Property Condition: Resale
Sale Includes: Building; Land; Leases
Tenant Pays: Common Area Maintenance; Electricity; Exterior Electric; Interior Electric; Maintenance; Water
Construction Materials: CBS
Cooling: Central Individual
Listing Terms: Assumable; Cash
Rail Description: No Rail Service
Road Frontage Type: City Street; County Road
Traffic Type: Auto; Heavy
Roof: Concrete
Security Features: Fire Alarm; Security Lights; Other
Sewer: Public Sewer
Water Source: Public
Showing Requirements: 24 Hour Notice; Call Listing Agent
Acreage Description: 3 To Less Than 4 Acre Lot
Listing Office: The Keyes Company
Last Updated: April - 09 - 2026
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