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Asi Cabessa & Edward Cohen Habaz Acquire Warehouse In Pompano Beach, FL For $10.85M

Property Image
SOLD
$10,850,000
Asi Cabessa
EH

Florida

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Industrial16,338 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Asi Cabessa & Edward Cohen Habaz Acquire Warehouse In Pompano Beach, FL For $10.85M

1835 Northwest 19th Street, Margate, Florida 33063, United States

See Similar Deals
Industrial16,338 SF
Sold
Asi Cabessa
EH
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$664
Total Square Footage:16338 SF
Transaction Type:Sale

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

Asi Cabessa
Asi Cabessa
9 deals$52M volume
BROKER
Asi Cabessa
Asi Cabessa
9 deals$52M volume
BUYER
EH
Edward Cohen Habaz
2 deals$21.6M volume
BUYER
EH
Edward Cohen Habaz
2 deals$21.6M volume
BUYER

Details

SOLD
IMAGE: 2022-03-18 ADDRESS: 1801-1835 Mears Pkwy MARKET: Pompano Beach,FL ASSET TYPE: Warehouse BUYER: Asi Cabessa & Edward Cohen Habaz SELLER: Richard D. Mccarty PRICE: $10,850,000 SF: 16,338 ~ PPSF: $664

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$578,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,547.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,434.54
Annual Debt Service$617,214.42