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1801 North Andrews Avenue, ...

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

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

$25,000,000

$220/SF

Building Size

113,610 SF

Asset Type

Industrial

Closing

Jun 22, 2022

AI

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 Etner Jr

Cushman & Wakefield

Broker

$171.9M

vol

18 deals

Broker

Peter E. Baccile

First Industrial Realty Trust

Buyer

$55.4M

vol

8 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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93