CBRE's Larry Genet, Tom O'Loughlin & Michael Oretsky Lease 40,000 SF Industrial Space In Pompano Beach
3901 Northeast 12th Avenue
$17
$17/SF
Building Size
40,000 SF
Asset Type
Industrial
Closing
Jul 13, 2026
AI
The asset involved in this transaction is an industrial property located at 3901 Northeast 12th Avenue in Pompano Beach. The property encompasses a total area of 40,000 square feet and is under a NNN lease agreement with an asking rent of $17.50 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 3901 Northeast 12th Avenue
- Market: Pompano Beach
- Lease Type: NNN Lease
- Landlord's Representatives: Larry Genet, Tom O'Loughlin, and Michael Oretsky - CBRE
- Tenant's Representatives: Bobby Benton and Ed Lyden - CBRE
This closed deal was successfully facilitated by the South Florida Industrial Real Estate Team, highlighting the collaborative effort of the representatives involved from CBRE. Congratulations were extended to all participants in finalizing this transaction.
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
933117.65%
Cash-on-Cash
-266687.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93