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3101 Northwest 27th Avenue

Florida Windows & Doors Leases 51,546 SF Industrial Space In Pompano Beach, Florida
LEASEDIndustrial

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

Richard Etner Jr

Cushman & Wakefield

Broker

$171.9M

vol

18 deals

Broker

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