Updated Apr 1, 2025
Adir Levitas Of Faropoint Acquires Industrial Facility In Pompano Beach For $4M
1410 Southwest 29th Avenue
$4,000,000
$188/SF
Building Size
21,211 SF
Asset Type
Industrial
Closing
Apr 1, 2025
About this deal
AI
A 21,211-square-foot industrial facility was sold for $4 million at 1410 Southwest 29th Avenue in Pompano Beach. The price per square foot for this transaction was $189. The sellers involved in this transaction were North Ridge Square, LLC and Front Gate Investment Properties, LLC.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Address: 1410 Southwest 29th Avenue
- Market: Pompano Beach
- Buyer: Adir Levitas - Faropoint
- Seller: North Ridge Square, LLC & Front Gate Investment Properties, LLC
- Broker: Adam P. Von Romer - Axis Realty Advisors
- Square Footage: 21,211
- Price per Square Foot: $189
Adam P. Von Romer from Axis Realty Advisors represented both the buyer, Adir Levitas of Faropoint, and the sellers, North Ridge Square, LLC and Front Gate Investment Properties, LLC, in this transaction.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93