Flying Point Acquires Industrial Property In Pompano Beach From Edward Holtz & Hylda Holtz For $4.7M
SOLD
$4,675,000
+ 2
Florida
See Similar DealsIndustrial24,385 SF
Sold 04/05/2023
SOLD
Flying Point Acquires Industrial Property In Pompano Beach From Edward Holtz & Hylda Holtz For $4.7M
2180-2182 Nw 18th Ave Pompano Beach, Fl
See Similar DealsIndustrial24,385 SF
Sold 04/05/2023
+ 2
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$191
Total Square Footage:24,385 SF
Transaction Type:Sale
A bulk condo purchase of an industrial property in Pompano Beach has closed for $4,675,000. The property is located at 2180-2182 NW 18th Ave and covers an undisclosed amount of square footage. The buyers, Flying Point represented by Sam Genet and Zach Sohn, have acquired the property from sellers Edward Holtz and Hylda Holtz.
Summary of transaction details
- Property Type: Industrial (Bulk condo purchase)
- Transaction Amount: $4,675,000
- Address: 2180-2182 NW 18th Ave
- Market: Pompano Beach
The deal was facilitated by a team of brokers. Yishai Sinai of Biscayne Advisorsrepresented the buyer, Flying Point, while Mark Faeth and Anthony Mamann from Leder Realty & Management represented the sellers, Edward Holtz and Hylda Holtz.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$249,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,609.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,161.89
Annual Debt Service$265,942.62
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