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3480 Nw 27th Ave

Douglas Meyer Of Exit 69 LLC Leases Industrial Space To Needmaj Distribution In Pompano Beach
LEASEDIndustrial

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

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.

Players

Jason Abitbol

APEX Capital Realty

Broker

$179M

vol

26 deals

Broker
APEX Capital Realty
APEX Capital RealtyBrokerage

Pompano Beach Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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