Updated Dec 14, 2024
Bridge Industrial Acquires Industrial Property In Pompano Beach For $46.3M With Buyer's Rep Steve Poulos & Seller's Rep Alexander Redfearn
1543 North Powerline Road, Pompano Beach, Florida 33069, United States
$46,300,000
$137/SF
Building Size
336,852 SF
Asset Type
Industrial
Closing
Jan 3, 2022
About this deal
AI
The industrial property located at 1543, 1541, and 1551-1571 North Powerline Road in Pompano Beach has been sold for a total transaction amount of $46,300,000. The property spans a total area of 336,852 square feet, resulting in a price per square foot of $137. The sale was completed on January 3, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $46,300,000
- Address: 1543, 1541 & 1551-1571 North Powerline Road, Pompano Beach
- Square Footage: 336,852
- Price per Square Foot: $137
The buyer of the property was Bridge Industrial, represented by Steve Poulos. The seller was Redfearn Capital, represented by Alexander Redfearn. The transaction was facilitated by Jose Lobon from CBRE.
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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93