Updated Dec 4, 2024
Cushman & Wakefield Arranges Lease For Industrial Space In Pompano Beach
3000 Northwest 27th Avenue
Building Size
40,846 SF
Asset Type
Industrial
Closing
Feb 14, 2024
About this deal
AI
The industrial property located at 3000 Northwest 27th Avenue in Pompano Beach spans 40,846 square feet and was leased by Ashley McMullen of Prologis to Touger Mordechai of Ice MIG, LLC.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Landlord: Ashley McMullen - Prologis
- Tenant: Touger Mordechai - Ice MIG, LLC
- Landlord's Representatives: Christopher Metzger, Christopher Thomson & Richard Etner Jr - Cushman & Wakefield
- Tenant's Representative: Alan Berger - IPO Realty
Cushman & Wakefield facilitated the lease at Prologis Pompano Park, with Ice MIG, LLC securing space in Building 2. The South Florida Industrial Team from Cushman & Wakefield represented Prologis, while Alan Berger from IPO Realty, Inc. acted as the representative for Ice MIG, LLC in the transaction.
On the Map
Industrial
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Players
Oakland Park Industrial Market Snapshot
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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