Paul Fazio Sells Development Site In Pompano Beach For $2.3M With Brokers Jonathan De La Rosa & Matthew Albregts
1401 Sw 26th Ave
$2,300,000
$55/SF
Building Size
41,145 SF
Asset Type
Development Site
Closing
Oct 21, 2025
AI
The property involved in the transaction is a development site located at 1401 Southwest 26th Avenue, Pompano Beach. The asset has a total square footage of 41,145 and was sold for a transaction amount of $2,300,000, reflecting a price per square foot of $55.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,300,000
- Address: 1401 Southwest 26th Avenue
- Market: Pompano Beach
- Square Footage: 41,145
- Price Per Square Foot: $55
- Seller: Paul Fazio
- Broker Representatives: Jonathan De La Rosa & Matthew Albregts - Marcus & Millichap
The transaction was facilitated by the broker representatives Jonathan De La Rosa and Matthew Albregts of Marcus & Millichap, who played a key role in orchestrating the deal for the seller, Paul Fazio.
Players
Pompano Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93