McCoy Berger And John Forman Purchase Industrial Asset In Pompano Beach For $6,325,000
1241 North Dixie Highway
$6,325,000
$218/SF
Building Size
29,005 SF
Asset Type
Industrial
Closing
Apr 22, 2026
AI
An industrial property located at 1241 North Dixie Highway in Pompano Beach has been sold for $6,325,000. The facility encompasses a total square footage of 29,005, translating to a price per square foot of $218.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $6,325,000
- Address: 1241 North Dixie Highway
- Market: Pompano Beach
- Buyer: McCoy Berger & John Forman - Sand Lake Realty
- Seller: Issie Wiseman
- Buyer's Representative: Jordan Beck - Berger Commercial Realty
This transaction involved key individuals including the buyer McCoy Berger and John Forman, representing Sand Lake Realty. Jordan Beck from Berger Commercial Realty served as the buyer's representative, noting the buyer's professionalism and effectiveness in overcoming obstacles during the deal.
Players
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
2.51%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93