Color Factory, Inc. Acquires Land In Pompano Beach For $2,005,000
1621 North Dixie Highway, Pompano Beach, FL, USA
$2,005,000
$1,224/SF
Building Size
1,638 SF
Asset Type
—
Closing
Aug 3, 2021
AI
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.
Players
Pompano Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.91%
Cash-on-Cash
-2.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93