Charles Glen Leonard Acquires Development Site In Pompano Beach For $13.975M
SOLD
$13,975,000
Florida
See Similar DealsDevelopment Site47,823 SF
Sold 04/06/2021
SOLD
Charles Glen Leonard Acquires Development Site In Pompano Beach For $13.975M
997 Hillsboro Mile, Pompano Beach, FL, USA
See Similar DealsDevelopment Site47,823 SF
Sold 04/06/2021
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$292
Total Square Footage:47,823 SF
Transaction Type:Sale
Bahram Akradi LLC has sold a development site located at 997 Hillsboro Mile in Pompano Beach. The property was purchased by Charles Glen Leonard for a price of $13,975,000.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $13,975,000
- Address: 997 Hillsboro Mile, Pompano Beach
- Seller: Bahram Akradi LLC
- Buyer: Charles Glen Leonard
Charles Glen Leonard is the buyer of this development site. The seller of the property is Bahram Akradi LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$745,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,650.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,248.63
Annual Debt Service$794,983.56
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