Dalfen Industrial Acquires Industrial Property In Pompano Beach For $4.7M With CBRE As Buyer's Rep
1911 Northwest 15th Street
$4,700,000
$1,835/SF
Building Size
2,560 SF
Asset Type
Industrial
Closing
Sep 16, 2025
AI
The transaction involves an industrial asset located at 1911 Northwest 15th Street in Pompano Beach, with a sale price of $4,700,000. The property encompasses 2.34 acres of land, including a building of 2,560 square feet. The price per square foot is $1,835.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,700,000
- Buyer: Sean Dalfen, Tyler McElroy & Chris Segrest - Dalfen Industrial
- Seller: Gary Willis
- Buyer’s Representatives: Larry Genet, Tom O'Loughlin, Michael Oretsky & Paul Siciliano - CBRE
- Square Footage: 2,560
- Land Size: 2.34 acres
- Price per Square Foot: $1,835
- Date of Transaction: 09/17/2025
The buyer's representatives, Larry Genet, Tom O'Loughlin, Michael Oretsky, and Paul Siciliano from CBRE, expressed excitement over the sale, noting that it marks their second closing with Dalfen in two months. The site is positioned for lease, featuring both parking or storage yard space and a building, with strong leasing activity already evident.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93