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Kodak Black Acquires Development Site In Pompano Beach For $1.8M

Property Image
SOLD
$1,800,000

Florida

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Development Site8 SF
Sold 02/02/2023
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Property Image
SOLD

Kodak Black Acquires Development Site In Pompano Beach For $1.8M

1511 Hammondville Rd

See Similar Deals
Development Site8 SF
Sold 02/02/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$225,000
Total Square Footage:8 SF
Transaction Type:Sale

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

RA
Rida Albazian
2 deals$3.6M volume
SELLER

Details

SOLD
IMAGE: Bill Kapri & Danilo Aquino DATE: 02/02/2023 ADDRESS: 1511-1547 Hammondville Rd MARKET: Pompano Beach ASSET TYPE: Development Site BUYER: @KodakBlack SELLER: Rida Albazian BROKER: Danilo Aquino (@Daniloa21) - APEX Capital Realty (@ApexCapitalRealty) SALE PRICE: $1,800,000 LOT SF: 31,994 ~ PPLSF: $56 SF: 8,678 ~ PPSF: $207

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02