Valley Forge Fabrics Leases 19,350 SF Industrial Space In Pompano Beach
1750 NW 15th Ave, Pompano Beach, F...
Building Size
19,350 SF
Asset Type
Industrial
Closing
Sep 10, 2018
AI
Located at 1750 Northwest 15th Avenue, Pompano Beach, the industrial property spans 19,350 square feet. This space will now be leased by fabric product manufacturer Valley Forge Fabrics, specializing in fabrics for the hospitality and lodging industries.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: Valley Forge Fabrics
- Landlord: Pompano Center of Commerce LLC
- Square Feet: 19,350
- Tenant's Rep: Thomas Viscount (Avison Young)
- Landlord's Rep: Thomas J. Hotz (Butters Realty & Management)
- Market: Pompano Beach
Thomas Viscount of Butters Group acted as the tenant's representative in the lease deal, while Thomas J. Hotz of Butters Realty & Management represented the landlord, Pompano Center of Commerce LLC, which has affiliations with Prologis.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93