Updated Apr 10, 2026
Matt Heaney Of Catalyst IOS Acquires Industrial Asset In Pompano Beach For $2,500,000
1888 Northwest 22nd Street
$2,500,000
$418/SF
Building Size
5,980 SF
Asset Type
Industrial
Closing
Mar 31, 2026
About this deal
AI
The transaction involved an industrial property located at 1888 Northwest 22nd Street in Pompano Beach. The asset was sold for a price of $2,500,000. The total square footage of the property is 5,980, with the price per square foot calculated at $418. The property sits on approximately 0.88 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Square Footage: 5,980
- Price per Square Foot: $418
- Acres: 0.88
- Buyer: Matt Heaney - Catalyst IOS
- Seller: Daniel Dimura
- Brokers: Santiago Acevedo & Rich DeGirolamo - Compass
Santiago Acevedo and Rich DeGirolamo, representing Compass, facilitated this exclusive off-market transaction, showcasing their expertise in sourcing distinctive real estate opportunities. They emphasize their focus on off-market transactions for their clients.
On the Map
$2,500,000
$418/SF
Industrial
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Players
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93