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1750 N Powerline Rd, Pompan...

Imperium Capital Acquires Industrial Property In Pompano Beach For $6.5M
SOLDIndustrial

Imperium Capital Acquires Industrial Property In Pompano Beach For $6.5M

1750 N Powerline Rd, Pompano Beach, Florida 33069, United States

$6,500,000

$1,135/SF

Building Size

5,723 SF

Asset Type

Industrial

Closing

Feb 13, 2022

AI

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.

Players

Sam Schneider

IG Logistics LLC

Broker

$76.9M

vol

15 deals

Broker
Sam Schneider

Sam Schneider

Imperium Capital

Buyer

$76.9M

vol

15 deals

Buyer

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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93