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1377 Hammondville Rd

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

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

1377 Hammondville Rd

$7,000,000

$50/SF

Building Size

139,392 SF

Asset Type

Industrial

Closing

Aug 29, 2023

AI

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

Broker

$436M

vol

57 deals

Broker
Stockbridge
StockbridgeBuyer
Sam Schneider

Sam Schneider

Imperium Capital

Seller

$76.9M

vol

15 deals

Seller

Market 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

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93