Hersh Equity Group Acquires Industrial Property In Pompano Beach For $1.95M
1225 South Dixie Highway East
$1,950,000
$174/SF
Building Size
11,200 SF
Asset Type
Industrial
Closing
Feb 2, 2023
AI
The asset involved in the transaction is an industrial property located at 1225 S Dixie Hwy E in Pompano Beach. The sale price was $1,950,000 for a total of 11,200 square feet, resulting in a price per square foot of $174.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,950,000
- Buyer: Hersh Equity Group - Juda Hersh
- Seller: Bob Redsicker
- Date of Sale: 02/02/2023
The buyer in this transaction is represented by Juda Hersh from Hersh Equity Group, while the seller is represented by Bob Redsicker. This transaction reflects the real estate dynamics within the Pompano Beach market.
Market 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93