Imperium Capital Acquires Industrial Property In Pompano Beach For $6.5M
SOLD
Florida
See Similar DealsIndustrial5,723 SF
Sold 02/14/2022
SOLD
Imperium Capital Acquires Industrial Property In Pompano Beach For $6.5M
1750 N Powerline Rd, Pompano Beach, Florida 33069, United States
See Similar DealsIndustrial5,723 SF
Sold 02/14/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$1,135
Total Square Footage:5,723 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial asset located at 1750 N Powerline Road in Pompano Beach. The sale price of the property was $6,500,000 and it encompasses 4.75 acres, which equates to a price per acre of $1,368.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,500,000
- Address: 1750 N Powerline Road
- Market: Pompano Beach
- Acres: 4.75
- Price Per Acre: $1,368
- Buyer: Imperium Capital - Daniel Glaser & Sam Schneider
- Seller: Louise Lewend
- Sale Date: 02/14/2022
The transaction was conducted with Daniel Glaser and Sam Schneider representing the buyer, Imperium Capital. Louise Lewend was the seller of the property in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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