Updated Jun 24, 2025
Charles Glen Leonard Acquires Development Site In Pompano Beach For $13.975M
997 Hillsboro Mile, Pompano Beach, FL, USA
$13,975,000
$292/SF
Building Size
47,823 SF
Asset Type
Development Site
Closing
Apr 5, 2021
About this deal
AI
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.
The development site sale at 997 Hillsboro Mile, Pompano Beach, FL, USA in Hillsboro Beach, Florida sold for $14M in 2021. The building is 47,823 square feet, implying about 292 per square foot on the published price. Named participants on the 997 Hillsboro Mile, Pompano Beach, FL, USA sale are Bahram Akradi. This page is the Hillsboro Beach, Florida file for the 997 Hillsboro Mile, Pompano Beach, FL, USA development site sold: pricing, party profiles, and other closed development site comps from the same Hillsboro Beach sit in the Market section below. Filter that Hillsboro Beach development site set by closing date to see what else sold near 997 Hillsboro Mile, Pompano Beach, FL, USA around 2021. Published consideration for 997 Hillsboro Mile, Pompano Beach, FL, USA is $14M, dated 2021. Cite this Charles Glen Leonard Acquires Development Site In Pompano Beach For $13.975M sale when underwriting similar development site product around Hillsboro Beach, Florida.
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Hillsboro Beach Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93