McCoy Berger And John Forman Purchase Industrial Asset In Pompano Beach For $6,325,000
SOLD
$6,325,000
Florida
See Similar DealsIndustrial29,005 SF
Sold 04/23/2026
SOLD
McCoy Berger And John Forman Purchase Industrial Asset In Pompano Beach For $6,325,000
1241 North Dixie Highway
See Similar DealsIndustrial29,005 SF
Sold 04/23/2026
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$218
Total Square Footage:29,005 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$337,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,471.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,983.73
Annual Debt Service$359,804.72
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