Updated Oct 23, 2026
LEASEDIndustrial
Daniel Glaser Leases 808 Northwest 12th Avenue Industrial Space To Jim Mooneyham For $5.50/ft
808 Northwest 12th Avenue
$5
$5/SF
Building Size
72,745 SF
Asset Type
Industrial
Closing
Oct 16, 2026
About this deal
AI
The property involved in this transaction is located at 808 Northwest 12th Avenue, Pompano Beach, Florida. It encompasses a ±1.67-acre (73,048 SF) industrial outdoor storage yard, accompanied by a 3,630 SF shop. The asking rent for the property is set at $5.50 per square foot, and it is under a NNN lease structure.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5.50/ft
- Lease Type: NNN Lease
- Landlord: Daniel Glaser
- Tenant: Jim Mooneyham
- Landlord's Representative: Larry Genet, Michael Oretsky, Frankie Buffalino, MPS & Tom O'Loughlin - CBRE
- Tenant's Representative: Jamie Posner - EXP Realty
CBRE has finalized the lease for this property, remarking on its suitability for service-based operators due to its zoning, improvements, and highway frontage. Larry Genet expressed appreciation for Jamie Posner's effectiveness in facilitating a smooth transaction, bringing a robust tenant to the negotiation table.
On the Map
$5
$5/SF
Industrial
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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
3172600.00%
Cash-on-Cash
-906738.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93