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1750 North Powerline Road

Scott Daiagi Acquires 4.76 Acres Industrial Property In South Florida For $9.1M
SOLDIndustrial

Scott Daiagi Acquires 4.76 Acres Industrial Property In South Florida For $9.1M

1750 North Powerline Road

$9,100,000

$21/SF

Building Size

414,690 SF

Asset Type

Industrial

Closing

Dec 19, 2022

AI

A 207,261 square-foot industrial property located at 1750 North Powerline Road in South Florida has been sold for $9,100,000. The property spans across 4.76 acres and was sold at a price of $44 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $9,100,000
  • Square Footage: 207,261
  • Address: 1750 North Powerline Road
  • Market: South Florida

The buyer of the property is Scott Daiagi, while the seller is Imperium Capital represented by Daniel Glaser, Sam Schneider, and Paisely Boney. Larry Genet from CBRE and Tom O'Loughlin also from CBRE acted as the seller's representatives in this transaction.

It is worth noting that the property was sold at a price of $1,911,765 per acre.

Players

Larry Genet

CBRE

Broker

$447.5M

vol

59 deals

Broker

Scott Daiagi

Buyer

$61.1M

vol

5 deals

Buyer
Sam Schneider

Sam Schneider

Imperium Capital

Seller

$87M

vol

18 deals

Seller

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

1.74%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93