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1700 Northwest 33rd Street,...

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

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

Les Byron

Broker

$6.6M

vol

4 deals

Broker

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