Updated Oct 10, 2025
Foundry Commercial And Wheelock Street Capital Secures $78M Construction Loan For Pompano Beach Industrial Asset
2900 West Sample Road
$78,000,000
$163/SF
Building Size
476,897 SF
Asset Type
Industrial
Closing
Sep 23, 2025
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 2900 West Sample Road in Pompano Beach. The asset encompasses a total square footage of 474,000 and is associated with a loan amount of $78,000,000 for construction purposes.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $78,000,000
- Address: 2900 West Sample Road
- Market: Pompano Beach
- Landlord: Foundry Commercial & Wheelock Street Capital
- Brokers: Melissa Rose, Steve Klein, Jovi Rodriguez & Preston Bacon - JLL
- Loan Type: Construction
The key individuals involved in this transaction include Melissa Rose, Steve Klein, Jovi Rodriguez, and Preston Bacon, all representing JLL. Foundry Commercial and Wheelock Street Capital are the landlords associated with the property.
On the Map
$78,000,000
$163/SF
Industrial
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Players
Pompano Beach Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93