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
Hammondville 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93