Rotem Hoffman And Branden Hertz Acquire Industrial Property In Pompano Beach For $1.6M
2240 Northwest 22nd Street, Pompano Beach, Florida 33069, United States
$1,600,000
$686/SF
Building Size
2,330 SF
Asset Type
Industrial
Closing
Jun 8, 2022
AI
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.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93