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
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