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1020 Southwest 10th Avenue

Dalfen Industrial Acquires Industrial Assets In Pompano And Fort Lauderdale For $26.25M
SOLDIndustrial

Dalfen Industrial Acquires Industrial Assets In Pompano And Fort Lauderdale For $26.25M

1020 Southwest 10th Avenue & 3555 Northwest 54th Street

$26,250,000

$128/SF

Building Size

204,076 SF

Asset Type

Industrial

Closing

Aug 7, 2024

AI

The asset involved in this transaction is an industrial property located at 1020 Southwest 10th Avenue and 3555-3590 Northwest 54th Street, situated in the Pompano and Fort Lauderdale market. The property spans a total of 102,038 square feet and was sold for $26,250,000, resulting in a price per square foot of $257.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $26,250,000
  • Square Footage: 102,038
  • Address: 1020 Southwest 10th Avenue & 3555-3590 Northwest 54th Street
  • Market: Pompano & Fort Lauderdale
  • Price per Square Foot: $257
  • Buyer: Dalfen Industrial
  • Seller: Berkeley Partners
  • Seller's Representatives: Luis Castillo, Cody Brais, Wells Waller & Taylor Osborne - JLL

Key individuals involved in this transaction include Dalfen Industrial as the buyer and Berkeley Partners as the seller. The deal was represented by Luis Castillo, Cody Brais, Wells Waller, and Taylor Osborne from JLL, emphasizing the collaborative effort in facilitating the transaction.

Players

Luis Castillo

JLL

Broker

$2.1B

vol

55 deals

Broker

Pompano 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

0.60%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93