UNITS® Acquires Industrial Property In Pompano Beach For $4.5M
1700 Northwest 33rd Street, Pompano Beach, FL, USA
$4,500,000
$194/SF
Building Size
23,200 SF
Asset Type
Industrial
Closing
Feb 16, 2021
AI
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
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93