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Clay Hamlin Of Alliance HP Investments Acquires Industrial Building In Pompano Beach For $8.65M
SOLD
$8,650,000
Florida
See Similar DealsIndustrial45,000 SF
Sold 07/31/2025
SOLD
Clay Hamlin Of Alliance HP Investments Acquires Industrial Building In Pompano Beach For $8.65M
1290 Southwest 30th Avenue
See Similar DealsIndustrial45,000 SF
Sold 07/31/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$192
Total Square Footage:45,000 SF
Transaction Type:Sale
An industrial building located at 1290 Southwest 30th Avenue in Pompano Beach has been sold for $8,650,000. The property spans 45,000 square feet and has a price per square foot of $192.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,650,000
- Square Footage: 45,000
- Address: 1290 Southwest 30th Avenue
- Market: Pompano Beach
- Buyer: Clay Hamlin - Alliance HP Investments
- Brokers: Greg Milopoulos & Christian Baena - Lee & Associates
Greg Milopoulos and Christian Baena from Lee & Associates facilitated the sale, while also securing a full-building lease with East Coast Cabinetry. The tenant was able to take early occupancy during due diligence to address urgent relocation needs, ensuring the transaction proceeded efficiently.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$461,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,731.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,005.41
Annual Debt Service$492,064.96
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