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.
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