Tony Raz Sells Industrial Property In Pompano Beach, FL For $3.6M With Broker Mike Tewel & Attorney Neil Greenbaum
1610 South Dixie Highway, Miami, FL 33133, USA
$3,652,200
$145/SF
Building Size
25,188 SF
Asset Type
Industrial
Closing
Aug 12, 2020
AI
Located at 1610 S Dixie Hwy in Pompano Beach, FL, this industrial property was recently sold in an off-market deal. The transaction was brokered by Mike Tewel from Buyers Realty Miami, who represented both the buyer and the seller.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $3,652,200
- Square Footage: 25,188
- Price per Square Foot: $145
- Date: 08/12/2021
Tony Raz served as the seller for this transaction, with legal representation provided by attorney Neil Greenbaum.
This off-market deal, facilitated by @MikeTewel, highlights the successful collaboration between the buyer and the seller. With prime industrial space and a strategic location in Pompano Beach, FL, this transaction demonstrates the value and potential of the property.
Players
Miami 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
4.34%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93