SROA Capital Acquires Industrial Property In Hallandale Beach For $20M
1000 Pembroke Road, Hallandale Beach, Florida 33020, United States
$20,000,000
$113/SF
Building Size
175,863 SF
Asset Type
Industrial
Closing
May 24, 2022
AI
The industrial property located at 1000 Pembroke Road in Hallandale Beach has been sold. The property spans across 2.4 acres and is characterized by its spaciousness and industrial nature.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Square Footage: 175,863
- Price per Square Foot: $114
- Market: Hallandale Beach
The buyer of the property is SROA Capital, represented by Ben Macfarland III. On the other hand, Megacenter acted as the seller in this transaction.
This sale marks a significant milestone in the industrial real estate market, with a notable transaction amount of $20,000,000. The deal showcases the strong demand for industrial properties in Hallandale Beach, highlighting the attractiveness of the area to investors.
Players
Hallandale Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93