Updated Oct 28, 2024
CenterPoint Properties Acquires Industrial Property In Pompano Beach For $10M
1405 Southwest 8th Street, Pompano Beach, FL, USA
$10,000,000
$247/SF
Building Size
40,428 SF
Asset Type
Industrial
Closing
Oct 7, 2021
About this deal
AI
CenterPoint Properties, represented by Bob Chapman, has acquired an industrial property located at 1405 Southwest Eighth Street in Pompano Beach. The property spans approximately 4.5 acres and features a total square footage of 40,428. The transaction took place on October 7, 2021, with a sale price of $10,000,000, resulting in a price per square foot of $247.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $10,000,000
- Address: 1405 Southwest Eighth Street, Pompano Beach
- Market: Pompano Beach
- Buyer: CenterPoint Properties - Bob Chapman
- Seller: Patrick Venne & Jonathan Cox - The Federated Companies
- Square Footage: 40,428
Bob Chapman from CenterPoint Properties and Patrick Venne & Jonathan Cox from The Federated Companies were the key individuals involved in the transaction. No further details about the deal participants were provided.
On the Map
$10,000,000
$247/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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93