Florida Windows & Doors Leases 51,546 SF Industrial Space In Pompano Beach, Florida
3101 Northwest 27th Avenue
Building Size
51,546 SF
Asset Type
Industrial
Closing
Feb 14, 2024
AI
The lease transaction at Prologis Pompano Park in Florida involved Florida Windows & Doors securing 51,546 square feet for distribution. The property's strategic location between Interstate 95 and Florida’s Turnpike allows for efficient distribution across Broward, Palm Beach, and Miami-Dade Counties.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not applicable
- Square Footage: 51,546
- Address: 3101 Northwest 27th Avenue
- Market: Pompano Beach
Cushman & Wakefield represented both parties in the lease transaction. The landlord, Prologis, was represented by Christopher Metzger, Christopher Thomson, and Richard Etner Jr. The tenant, Florida Windows & Doors, was represented by Greg Lawrence from The Commercial Department Inc.
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