MIAMI—A three-story, 20,000-square-foot office building in Hollywood, FL has traded hands. An affiliate of RAF Ridge, a New York-based real estate investment firm, snapped up the office asset.

Aztec Group senior managing director Howard Taft and director Charles Penan, arranged the $6.55 million sale and subsequent $3.9 million financing. It is located at 3801 Hollywood Boulevard. Bank of America occupies 100% of the multi-tenant office building.

“One of the factors that attracted the out-of-market buyer to purchase the office property is its strong tenant roster and attractive location along Hollywood Boulevard,” says Taft. City National Bank provided the financing, with terms that include a 65% loan-to-value ratio, five-year term, 25-year amortization schedule and 4.25% fixed interest rate.