Marcus & Millichap (NYSE: MMI) announced today the sale of Bank of America Building, a three-story, ± 20,000-square-foot office property located in Hollywood, Florida. The asset sold for $5,600,000.
“Bank of America Hollywood presents a unique office rebranding opportunity in a highly sought-after Hollywood submarket. The property benefits from frontage to Hollywood Blvd and will surely benefit from the increasing market fundamentals,” said Kuhlman, senior associate in Marcus & Millichap’s Fort Lauderdale office. Kuhlman and Douglas K. Mandel had the exclusive listing to market the property on behalf of the seller, Raf Ridge LLC.
Bank of America Building is located at 3801 Hollywood Blvd, a prime office location strategically located on the iconic Presidential Circle in the heart of Hollywood. Situated on four parcels totaling 1.2 acres, the property benefits from close proximity to major highways, the Hollywood Tri-Rail station, Fort Lauderdale’s International Airport, and the Starbucks and Target-anchored Hollywood Hills Plaza. The property is anchored by Bank of America.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.
