Stoncor Group Inc Leases 19000 Square Feet From First Industrial Realty Trust In Pompano Beach
2504 NW 19th St, Pompano Beach, FL...
Building Size
19,000 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 2504 NW 19th St, Pompano Beach, FL, comprising a total square footage of 19,000. It is situated in the Pompano Beach market and is leased by Stoncor Group Inc. The landlord of the property is First Industrial Realty Trust.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2504 NW 19th St, Pompano Beach, FL
- Market: Pompano Beach
- Tenant: Stoncor Group Inc
- Landlord: First Industrial Realty Trust
- Square Feet: 19,000
- Tenant's Representatives: Christopher "Chris" Metzger-Cushman & Wakefield, Christopher Thomson-Cushman & Wakefield, Jay Ziv - Avison Young
This lease transaction includes key representatives from different firms, helping facilitate the deal. Christopher "Chris" Metzger and Christopher Thomson, both from Cushman & Wakefield, along with Jay Ziv from Avison Young, all represent the interests of the tenant, Stoncor Group Inc.
On the Map
Players
Pompano Beach CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93