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2180-2182 Nw 18th Ave Pompa...

Flying Point Acquires Industrial Property In Pompano Beach From Edward Holtz & Hylda Holtz For $4.7M
SOLDIndustrial

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

Yishai Sinai

Biscayne Advisors

Broker

$93.5M

vol

16 deals

Broker
Leder Realty & Management
Leder Realty & ManagementBrokerage

Sam Genet

Flying Point

Buyer

$69.5M

vol

16 deals

Buyer

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