Asi Cabessa & Edward Cohen Habaz Acquire Warehouse In Pompano Beach, FL For $10.85M
1835 Northwest 19th Street, Margate, Florida 33063, United States
$10,850,000
$664/SF
Building Size
16,338 SF
Asset Type
Industrial
Closing
Mar 17, 2022
AI
The property asset involved in the transaction is a warehouse located at 1801-1835 Mears Pkwy, Pompano Beach, FL. The sale was completed on March 18, 2022, for a price of $10,850,000. The warehouse spans an area of 16,338 square feet, equating to a price per square foot of $664.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $10,850,000
- Address: 1801-1835 Mears Pkwy
- Market: Pompano Beach, FL
- Square Footage: 16,338
- Price per Square Foot: $664
- Buyer: Asi Cabessa & Edward Cohen Habaz
- Seller: Richard D. Mccarty
This transaction involved the buyers Asi Cabessa and Edward Cohen Habaz, who acquired the warehouse from seller Richard D. Mccarty. The details of the individuals and their affiliations in this deal highlight the representation in the facility's acquisition.
Players
Margate 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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93