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2504 NW 19th St, Pompano Be...

Stoncor Group Inc Leases 19000 Square Feet From First Industrial Realty Trust In Pompano Beach
LEASED

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

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:

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.

Players

Christopher Metzger

Cushman & Wakefield

Broker

$160.4M

vol

26 deals

Broker
First Industrial Realty Trust
First Industrial Realty TrustBrokerage
First Industrial Realty Trust
First Industrial Realty TrustLandlord

Pompano Beach CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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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