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1101 South Dixie Highway West

Larry Cook Acquires Industrial Cold Storage In Pompano Beach For $1.7M
SOLDIndustrial

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

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.

Players

Lielle Sosa

Levy Realty Advisors

Broker

$24.4M

vol

3 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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93