Jason Rubin Of Rubin Real Estate Groups Acquires Industrial Asset In Pompano Beach For $6M
SOLD
$6,000,000
Florida
See Similar DealsIndustrial19,000 SF
Sold 07/24/2025
SOLD
Jason Rubin Of Rubin Real Estate Groups Acquires Industrial Asset In Pompano Beach For $6M
1661 North Dixie Highway
See Similar DealsIndustrial19,000 SF
Sold 07/24/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$315
Total Square Footage:19,000 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial asset located at 1661 North Dixie Highway in Pompano Beach. The sale price for this property was $6,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Buyer: Jason Rubin - Rubin Real Estate Groups
- Seller: Bill Murphy
- Broker: Jordan Beck - Berger Commercial Realty
This deal represents the fifth transaction between Berger Commercial Realty and Rubin Real Estate Groups, totaling just over 150,000 square feet and $30 million in total consideration. The personal relationship between the parties involved has grown significantly throughout these transactions.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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