Pompano Crown LLC Acquires Industrial Property In Pompano Beach For $3.3M
1500 South Dixie Highway, Pompano Beach, FL, USA
$3,300,000
$95/SF
Building Size
34,522 SF
Asset Type
Industrial
Closing
Jan 27, 2021
AI
The industrial property located at 1500 S. Dixie Highway & 1610 S. Dixie Highway in Pompano Beach has been sold. The transaction took place on January 28, 2021. The property, spanning 34,522 square feet, was purchased by Pompano Crown LLC at a price of $3,300,000, resulting in a price per square foot of $96. The seller of the property was 1500 South Dixie, LLC.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $3,300,000
- Address: 1500 S. Dixie Highway & 1610 S. Dixie Highway, Pompano Beach
- Market: Pompano Beach
- Buyer: Pompano Crown LLC
- Seller: 1500 South Dixie, LLC
Barry Katz from Global Connections Realty, Inc represented the buyer, Pompano Crown LLC, in this transaction. Keith Graves, CCIM, St. George Guardabassi, and James Karrat from Berger Commercial Realty/Corfac International represented the seller, 1500 South Dixie, LLC.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93