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1858 Northwest 22nd Court

Catalyst IOS Purchases Industrial Property From Precast Wall Systems For $4.7 Million
SOLDIndustrial

Catalyst IOS Purchases Industrial Property From Precast Wall Systems For $4.7 Million

1858 Northwest 22nd Court

$4,700,000

$471/SF

Building Size

9,964 SF

Asset Type

Industrial

Closing

May 27, 2025

AI

The property asset involved in the transaction is located at 1858 Northwest 22nd Court in Pompano Beach. This industrial asset was sold for $4,700,000 and spans 74,276 square feet, sitting on 1.7 acres of land. The price per square foot is $63.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,700,000
  • Address: 1858 Northwest 22nd Court
  • Market: Pompano Beach
  • Land Square Footage: 74,276
  • Price Per Land Square Foot: $63
  • Acres: 1.7
  • Buyer: Catalyst IOS
  • Seller: Precast Wall Systems
  • Buyer's Representative: Jose Sasson Lerner & Roberto Susi - AXIOM Capital Advisors
  • Seller's Representative: Santiago Acevedo & Rich DeGirolamo - Compass

The deal involved key representatives from both sides, with the buyer, Catalyst IOS, represented by Jose Sasson Lerner and Roberto Susi from AXIOM Capital Advisors. On the seller's side, Precast Wall Systems was represented by Santiago Acevedo and Rich DeGirolamo from Compass.

Players

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$943.7M

vol

83 deals

Broker

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

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93