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1511 Hammondville Rd

Bill Kapri Acquires Development Site In Pompano Beach For $1.8M
SOLDDevelopment Site

Bill Kapri Acquires Development Site In Pompano Beach For $1.8M

1511 Hammondville Rd

$1,800,000

$207/SF

Building Size

8,678 SF

Asset Type

Development Site

Closing

Feb 2, 2023

AI

A development site located at 1511-1547 Hammondville Rd in Pompano Beach has been sold in a recent transaction. The property spans a total of 31,994 square feet, with a price per square foot of $56. The total square footage of the development is 8,678, resulting in a price per square foot of $207. The sale price for the site was $1,800,000.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,800,000
  • Lot Square Footage: 31,994
  • Price per Lot Square Foot: $56
  • Total Square Footage: 8,678
  • Price per Square Foot: $207

The buyer of the development site is Bill Kapri, while the seller is Rida Albazian. The transaction was facilitated by Danilo Aquino from APEX Capital Realty.

Players

Danilo Aquino

APEX Capital Realty

Broker

$7.2M

vol

2 deals

Broker

Rida Albazian

Seller

$3.6M

vol

2 deals

Seller

Hammondville Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93