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Stockbridge Capital Group Acquires Industrial Property In Pompano Beach For $7M

Property Image
SOLD
$7,000,000
Steven Bentolila
Solomon Michailow
Larry Genet
+ 1

Florida

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Industrial139,392 SF
Sold 08/29/2023
the dealplayerscompscontact
Property Image
SOLD

Stockbridge Capital Group Acquires Industrial Property In Pompano Beach For $7M

1377 Hammondville Rd

See Similar Deals
Industrial139,392 SF
Sold 08/29/2023
Steven Bentolila
Solomon Michailow
Larry Genet
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$50
Total Square Footage:139,392 SF
Transaction Type:Sale

An industrial property located at 1377 Hammondville Road in Pompano Beach has been sold for $7,000,000. The property spans 139,392 square feet, with a price per square foot of $50.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,000,000
  • Square Footage: 139,392
  • Price Per Square Foot: $50
  • Address: 1377 Hammondville Road, Pompano Beach

The buyer of the property is Stockbridge Capital Group. The seller, Imperium Capital, was represented by Danny Glaser and Sam Schneider. The deal was facilitated by brokers Steven Bentolila from Oxford Property Group, Solomon Michailow from S2 Property Group, and Larry Genet from CBRE.

Players

Larry Genet
CBRE
Larry Genet
57 deals$436M volume(305) 807-0004
BROKER
Solomon Michailow
S2 Property Group
Solomon Michailow
13 deals$198.9M volume
BROKER
Steven Bentolila
Bento Property Group
Steven Bentolila
11 deals$74.2M volume(917) 836-5436
BROKER
Sam Schneider
Sam Schneider
14 deals$73.6M volume
BROKER
Stockbridge
Stockbridge
BUYER
Sam Schneider
Sam Schneider
14 deals$73.6M volume
SELLER
IC
Imperium Capital
SELLER

Details

SOLD
IMAGE: Danny Glaser, Solomon Michailow, Larry Genet, Steven Bentolila & Sam Schneider DATE: 08/29/2023 ADDRESS: 1377 Hammondville Road MARKET: Pompano Beach ASSET TYPE: Industrial BUYER: Stockbridge Capital Group SELLER: Imperium Capital - Danny Glaser (@DanGlaser) & Sam Schneider (@Schneider2g) BROKERS: Steven Bentolila (@StevenBento) - Oxford Property Group (@OxfordSpireGroup); Solomon Michailow (@SolomonMichailow) - S2 Property Group; Larry Genet (@Larrygenet) - CBRE (@CBRE) SALE PRICE: $7,000,000 SF: 139,392 ~ PPSF: $50

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85