Alan M. Levy & Jan Stolow Acquire Industrial Property In Pompano Beach For $3.5M
SOLD
$3,500,000
Florida
See Similar DealsIndustrial23,625 SF
Sold 06/21/2021
SOLD
Alan M. Levy & Jan Stolow Acquire Industrial Property In Pompano Beach For $3.5M
2050 North Andrews Avenue, Pompano Beach, FL, USA
See Similar DealsIndustrial23,625 SF
Sold 06/21/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$148
Total Square Footage:23,625 SF
Transaction Type:Sale
The industrial property located at 2050 N Andrews Ave in Pompano Beach has been sold in a closed transaction. The property spans 23,625 square feet and was sold for a price of $3,500,000, resulting in a price per square foot of $148.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Address: 2050 N Andrews Ave, Pompano Beach
- Market: Pompano Beach
- Buyer: Alan M. Levy & Jan Stolow
- Seller: David W. Harris & Elizabeth Hoover
Alan M. Levy and Jan Stolow have acquired the property from David W. Harris and Elizabeth Hoover. No additional details regarding the individuals and companies involved in the transaction are available.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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