Pedowitz Machinery Movers Acquires Industrial Asset In Pompano Beach For $11.5 Million
SOLD
Florida
See Similar DealsIndustrial60,369 SF
Sold 12/27/2024
SOLD
Pedowitz Machinery Movers Acquires Industrial Asset In Pompano Beach For $11.5 Million
1909 Northwest 16th Street
See Similar DealsIndustrial60,369 SF
Sold 12/27/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$190
Total Square Footage:60,369 SF
Transaction Type:Sale
This industrial property, located at 1909 Northwest 16th Street in Pompano Beach, was sold for $11,500,000. The building features a total area of 60,369 square feet, which equates to a price per square foot of $190.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,500,000
- Address: 1909 Northwest 16th Street
- Market: Pompano Beach
- Square Footage: 60,369
- Price per Square Foot: $190
- Buyer: Pedowitz Machinery Movers
- Seller: Coastal Masonry, Inc.
- Brokers: Tom O'Loughlin & Larry Genet - CBRE; Keith Kidwell - Sperry Van Ness; Bob Case - The Case Team
In this transaction, Pedowitz Machinery Movers acquired the property from Coastal Masonry, Inc. The deal was facilitated by multiple brokers, including Tom O'Loughlin and Larry Genet from CBRE, Keith Kidwell from Sperry Van Ness, and Bob Case from The Case Team.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
Is there something missing? Send suggestions
