Updated Dec 4, 2024
Larry Cook Acquires Industrial Cold Storage In Pompano Beach For $1.7M
1101 South Dixie Highway West
$1,700,000
$265/SF
Building Size
6,406 SF
Asset Type
Industrial
Closing
Mar 22, 2024
About this deal
AI
The Industrial Cold Storage property located at 1101 South Dixie Highway West in Pompano Beach was sold for $1,700,000. The building spans 6,406 square feet, resulting in a price per square foot of $265. The transaction took place on 03/22/2024, with Larry Cook acquiring the property from Daniel Wejc.
Summary of transation details:
- Property Type: Industrial Cold Storage
- Transaction Amount: $1,700,000
- Address: 1101 South Dixie Highway West
- Market: Pompano Beach
- Buyer: Larry Cook
- Seller: Daniel Wejc
- Seller's Rep: Lielle Sosa - Silmar Realty
The seller's representative for this transaction, Lielle Sosa from Silmar Realty, noted that this building is intended for Cold Storage Owner-User purposes.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93