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1401 Sw 26th Ave

Paul Fazio Sells Development Site In Pompano Beach For $2.3M With Brokers Jonathan De La Rosa & Matthew Albregts
SOLDDevelopment Site

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

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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