Kodak Black Acquires Development Site In Pompano Beach For $1.8M
1511 Hammondville Rd
$1,800,000
$225,000/SF
Building Size
8 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 for a total price of $1,800,000. The buyer of the property is Kodak Black, who acquired it from the seller, Rida Albazian. The transaction was facilitated by broker Danilo Aquino from APEX Capital Realty. The development site spans a lot size of 31,994 square feet, implying a price per square foot of $56. The total square footage of the property is 8,678, resulting in a price per square foot of $207.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $1,800,000
- Lot Size: 31,994 square feet
- Price per Square Foot (Lot): $56
- Total Square Footage: 8,678
- Price per Square Foot: $207
- Buyer: Kodak Black
- Seller: Rida Albazian
- Broker: Danilo Aquino - APEX Capital Realty
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93