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1888 Northwest 22nd Street

Matt Heaney Of Catalyst IOS Acquires Industrial Asset In Pompano Beach For $2,500,000
SOLDIndustrial

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

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.

Players

Santiago Acevedo

Compass

Broker

$63M

vol

12 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93