Updated Jun 12, 2025
Prologis Leases 28845 SF Industrial Space To Rexis BioTech In Pompano Beach At $17/ft
1704 Park Central Boulevard North
$16
$16/SF
Building Size
28,845 SF
Asset Type
Industrial
Closing
Jun 1, 2025
About this deal
AI
The asset involved in this transaction is an industrial property located at 1704 Park Central Boulevard North, Pompano Beach. The property encompasses a total square footage of 28,845 and was leased under a NNN lease agreement with an asking rent of $17 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17/ft
- Square Footage: 28,845
- Address: 1704 Park Central Boulevard North
- Market: Pompano Beach
- Landlord: Prologis
- Tenant: Rexis BioTech
- Landlord's Representative: Michael Oretsky, Tom O'Loughlin & Larry Genet - CBRE
- Tenant's Representative: Nick Reid & Richard Etner Jr. - Cushman & Wakefield
- Lease Type: NNN Lease
This lease was facilitated by a team of brokers, including Michael Oretsky, Tom O'Loughlin, and Larry Genet from CBRE representing the landlord, alongside Nick Reid and Richard Etner Jr. from Cushman & Wakefield representing the tenant. A note from the broker expressed satisfaction with the completed lease and encouraged others seeking space to reach out for assistance.
On the Map
$16
$16/SF
Industrial
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Players
Pompano Beach Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
991437.50%
Cash-on-Cash
-283355.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93