Pompano Crown LLC Acquires Industrial Property In Pompano Beach For $3.3M
SOLD
$3,300,000
+ 1
Florida
See Similar DealsIndustrial34,522 SF
Sold 01/28/2021
SOLD
Pompano Crown LLC Acquires Industrial Property In Pompano Beach For $3.3M
1500 South Dixie Highway, Pompano Beach, FL, USA
See Similar DealsIndustrial34,522 SF
Sold 01/28/2021
+ 1
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$95
Total Square Footage:34,522 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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