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1225 South Dixie Highway East

Hersh Equity Group Acquires Industrial Property In Pompano Beach For $1.95M
SOLDIndustrial

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:

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.

Players

Juda Hersh

Hersh Equity Group

Buyer

$144.5M

vol

16 deals

Buyer

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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