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First Industrial Realty Trust Acquires 113,610 SF Industrial Property In Pompano Beach For $25M

Property Image
SOLD
$25,000,000
Rod Loschiavo
Christopher (Chris) Wilson
+ 2

Florida

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Industrial113,610 SF
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SOLD

First Industrial Realty Trust Acquires 113,610 SF Industrial Property In Pompano Beach For $25M

1801 North Andrews Avenue, Pompano Beach, Florida 33069, United States

See Similar Deals
Industrial113,610 SF
Sold
Rod Loschiavo
Christopher (Chris) Wilson
+ 2
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$220
Total Square Footage:113610 SF
Transaction Type:Sale

An industrial property located at 1801 North Andrews Avenue in Pompano Beach, with a total area of 8.4 acres, was recently sold in a transaction. The sale was finalized on 06/23/2022 for a sale price of $25,000,000. The property comprises 113,610 square feet, with a price per square foot of $220. The buyer in this transaction was First Industrial Realty Trust, represented by Peter Baccile. The seller of the property was Screen Graphics. Richard Etner Jr. from Cushman & Wakefield and Chris Willson from First Industrial served as the buyer's representatives, while Sal Bonsignore and Rod Loschiavo from Colliers represented the seller.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $25,000,000
  • Address: 1801 North Andrews Avenue
  • Market: Pompano Beach
  • Asset Type: Industrial
  • Acres: 8.4

Peter Baccile, representing First Industrial Realty Trust, played a significant role as the buyer in this transaction. On the seller's side, Sal Bonsignore and Rod Loschiavo from Colliers facilitated the deal. This transaction underscores the importance of experienced professionals like Richard Etner Jr., Chris Willson, Sal Bonsignore, and Rod Loschiavo in bringing buyers and sellers together for successful property transactions.

Players

Richard "Rick" Etner Jr
18 deals$171.9M volume
BROKER

Christopher (Chris) Wilson
First Industrial Realty Trust
1 deal$25M volume
BROKER

Rod Loschiavo
Colliers
3 deals$62M volume
BROKER

Sal Bonsignore
Colliers
5 deals$62M volume
BROKER

Details

SOLD
IMAGE: Peter Baccile DATE: 06/23/2022 ADDRESS: 1801 North Andrews Avenue MARKET: Pompano Beach ASSET TYPE: Industrial ~ ACRES: 8.4 BUYER: First Industrial Realty Trust - Peter Baccile SELLER: Screen Graphics BUYER'S REP: Richard Etner Jr. - Cushman & Wakefield (@CushWake); Chris Willson - First Industrial SELLER'S REP: Sal Bonsignore & Rod Loschiavo - Colliers (@ColliersInternational) SALE PRICE: $25,000,000 SF: 113,610 ~ PPSF: $220

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

$1,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05