Updated Oct 31, 2025
Douglas Meyer Of Exit 69 LLC Leases Industrial Space To Needmaj Distribution In Pompano Beach
3480 Nw 27th Ave
$28
$28/SF
Building Size
7,700 SF
Asset Type
Industrial
Closing
Sep 30, 2025
About this deal
AI
The lease involves an industrial asset located at 3480 Northwest 27th Avenue in Pompano Beach. The leased space spans 7,700 square feet and carries an asking rent of $28 per square foot. The lease agreement is structured as a NNN lease with a term of 5 years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28/ft
- Lease Term: 5 Years
- Lease Type: NNN Lease
- Landlord: Douglas Meyer - Exit 69 LLC
- Tenant: Needmaj Distribution
- Broker: Jason Abitbol - APEX Capital Realty
This transaction features the landlord, Douglas Meyer, representing Exit 69 LLC, and the tenant, Needmaj Distribution. The broker involved in this leasing agreement is Jason Abitbol from APEX Capital Realty, facilitating the terms for both parties.
On the Map
$28
$28/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
566535.71%
Cash-on-Cash
-161917.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93