Axonic Properties Purchases Property From Jorge And Ruben Garcia-Sarraff For $25.4M In Pompano Beach
2801 N Course Dr, Pompano Beach, F...
$25,400,000
Building Size
—
Asset Type
Condo
Closing
May 25, 2021
About this deal
AI
The property asset located at 2801 N Course Dr, Pompano Beach has been sold for a transaction amount of $25,400,000.00. The asset comprises 0 square feet and is situated in the Pompano Beach market.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $25,400,000.00
- Buyer: Axonic Properties
- Seller: Jorge and Ruben Garcia-Sarraff
- Buyer's Representative: Jaret Turkell - Berkadia
This transaction involved key participants including Axonic Properties as the buyer, while Jorge and Ruben Garcia-Sarraff acted as the sellers. Jaret Turkell represented the buyer through Berkadia in this transaction.
Players
Pompano Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93