Updated Oct 28, 2024
Mark Posner's Auburn Manor Acquires Industrial Property In Pompano Beach For $6.15M
1301 Southwest 2nd Street, Pompano Beach, Florida 33069, United States
$6,150,000
$194/SF
Building Size
31,600 SF
Asset Type
Industrial
Closing
May 1, 2022
About this deal
AI
The industrial property located at 1301 SW 2nd St in Pompano Beach has been sold for a price of $6,150,000. The property spans across 31,600 square feet, resulting in a price per square foot of $195. The transaction took place on 05/02/2022 and was captured by Jordan Beck in an image shared on Instagram.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,150,000
- Address: 1301 SW 2nd St
- Market: Pompano Beach
- Image: Jordan Beck
- Date: 05/02/2022
The buyer of the property was Mark Posner, representing Auburn Manor. The seller, on the other hand, was Richard McCarthy from RM JM Enterprises. The transaction was facilitated by Jordan Beck, who represents Berger Commercial.
On the Map
$6,150,000
$194/SF
Industrial
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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
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93