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UNITS® Acquires Industrial Property In Pompano Beach For $4.5M

Property Image
SOLD
$4,500,000
Les Byron
Keith Kidwell
+ 1

Florida

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Industrial23,200 SF
Sold 02/17/2021
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SOLD

UNITS® Acquires Industrial Property In Pompano Beach For $4.5M

1700 Northwest 33rd Street, Pompano Beach, FL, USA

See Similar Deals
Industrial23,200 SF
Sold 02/17/2021
Les Byron
Keith Kidwell
+ 1
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$194
Total Square Footage:23,200 SF
Transaction Type:Sale

UNITS® has acquired an industrial property located at 1700 NW 33rd Street in Pompano Beach. The property, measuring 23,200 square feet, was sold by Coastal Waste & Recycling of Broward County, LLC. The transaction was facilitated by Brian Batchelder of Berger Commercial Realty/Corfac International, representing UNITS®, and Keith Kidwell, Steven Davis, and Les Byron of SVN Commercial Realty, representing the seller. The sale price for the property was $4,500,000, resulting in a price per square foot of $194. The property sits on 1.88 acres, with a price per acre of $2,393,617.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,500,000
  • Date: 02/17/2021
  • Address: 1700 NW 33rd Street
  • Market: Pompano Beach

UNITS®' acquisition of the industrial property at 1700 NW 33rd Street was made possible through the guidance of their representative, Brian Batchelder from Berger Commercial Realty/Corfac International. On the other side of the deal, Coastal Waste & Recycling of Broward County, LLC was represented by Keith Kidwell, Steven Davis, and Les Byron, who are affiliated with SVN Commercial Realty.

Players

4 deals$6.6M volume
BROKER


Keith Kidwell
3 deals$18.1M volume
BROKER

Brian Batchelder
Berger Realty
5 deals$35M volume
BROKER

Details

SOLD
IMAGE: Keith Kidwell, Les Byron, Brian Batchelder & Steven Davis DATE: 02/17/2021 ADDRESS: 1700 NW 33rd Street MARKET: Pompano Beach ASSET TYPE: Industrial BUYER: UNITS® SELLER: Coastal Waste & Recycling of Broward County, LLC BUYER'S REP: Brian Batchelder - Berger Commercial Realty/Corfac International SELLER'S REP: Keith Kidwell, Steven Davis & Les Byron - SVN Commercial Realty PRICE: $4,500,000 SF: 23,200 ~ PPSF: $194 ACRES: 1.88 ~ PPA: $2,393,617

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55