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1511 Hammondville Rd

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

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

Rida Albazian

Seller

$3.6M

vol

2 deals

Seller

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