Rotem Hoffman And Branden Hertz Acquire Industrial Property In Pompano Beach For $1.6M
SOLD
Florida
See Similar DealsIndustrial2,330 SF
Sold 06/09/2022
SOLD
Rotem Hoffman And Branden Hertz Acquire Industrial Property In Pompano Beach For $1.6M
2240 Northwest 22nd Street, Pompano Beach, Florida 33069, United States
See Similar DealsIndustrial2,330 SF
Sold 06/09/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$686
Total Square Footage:2,330 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial facility located at 2240 NW 22nd St in Pompano Beach. The transaction closed on June 9, 2022, and encompasses an area of 1.2 acres. The property was sold for $1,600,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,600,000
- Buyer: Rotem Hoffman & Branden Hertz
- Seller: Patrick Borrico
- Buyer's Representative: Santiago Acevedo - Hertz Realty Group
The deal features the involvement of Rotem Hoffman and Branden Hertz as the buyers, who are represented by Santiago Acevedo from Hertz Realty Group, while the seller of the property is Patrick Borrico.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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