Color Factory, Inc. Acquires Land In Pompano Beach For $2,005,000
SOLD
$2,005,000
Florida
See Similar Deals1,638 SF
Sold 08/03/2021
SOLD
Color Factory, Inc. Acquires Land In Pompano Beach For $2,005,000
1621 North Dixie Highway, Pompano Beach, FL, USA
See Similar Deals1,638 SF
Sold 08/03/2021
Summary
FLORIDA
Price Per Square Foot:$1,224
Total Square Footage:1,638 SF
Transaction Type:Sale
Color Factory, Inc. has acquired a land asset located at 1621 N. Dixie Highway in Pompano Beach. The transaction was facilitated by Joseph P. Byrnes & John Forman of Berger Commercial Realty/Corfac International, who represented the seller, Seymour Realty 1601, LLC. Severino Rodrigues of Genesis Commercial Group, Inc. acted as the buyer's representative in the deal. The sale took place on August 3, 2021.
Summary of transaction details
- Property Type: Land
- Sale Price: $2,005,000
- Acres: 1.68
- Price Per Acre: $1,193,452
- Address: 1621 N. Dixie Highway, Pompano Beach
- Market: Pompano Beach
Joseph P. Byrnes & John Forman of Berger Commercial Realty/Corfac International played a dual role in the transaction, representing both the seller, Seymour Realty 1601, LLC, and assisting the buyer, Color Factory, Inc. Severino Rodrigues, the buyer's representative from Genesis Commercial Group, Inc., provided valuable support throughout the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,123.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,504.72
Annual Debt Service$114,056.67
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