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1500 South Dixie Highway, P...

Pompano Crown LLC Acquires Industrial Property In Pompano Beach For $3.3M
SOLDIndustrial

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

Barry Katz

Broker

$30.1M

vol

2 deals

Broker
Berger Realty
Berger RealtyBrokerage

Pompano Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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