Flying Point Acquires Industrial Property In Pompano Beach From Edward Holtz & Hylda Holtz For $4.7M
2180-2182 Nw 18th Ave Pompano Beach, Fl
$4,675,000
$191/SF
Building Size
24,385 SF
Asset Type
Industrial
Closing
Apr 5, 2023
AI
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.
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
3.39%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93