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1621 North Dixie Highway, P...

Color Factory, Inc. Acquires Land In Pompano Beach For $2,005,000
SOLD

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

Severino Rodrigues

Broker

$2M

vol

1 deal

Broker

Pompano Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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