Mark Hicks Acquires Industrial Asset From Mitch Berk In Pompano Beach For $1.85M
SOLD
$1,850,000
Florida
See Similar DealsIndustrial8,200 SF
Sold 04/07/2025
SOLD
Mark Hicks Acquires Industrial Asset From Mitch Berk In Pompano Beach For $1.85M
2400 West Copans Road
See Similar DealsIndustrial8,200 SF
Sold 04/07/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$225
Total Square Footage:8,200 SF
Transaction Type:Sale
The property involved in this transaction is an industrial asset located at 2400 West Copans Road, Pompano Beach. It was sold for a total price of $1,850,000, encompassing a total area of 8,200 square feet, resulting in a price per square foot of $225.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,850,000
- Address: 2400 West Copans Road
- Market: Pompano Beach
- Square Footage: 8,200
- Price Per Square Foot: $225
- Buyer: Mark Hicks
- Seller: Mitch Berk
- Brokers: Noah Ohayon & Jose Sasson Lerner - AXIOM Capital Advisors
Noah Ohayon and Jose Sasson Lerner represented the seller, Mitch Berk, in this transaction, and they are pleased to announce the successful sale of the warehouse on behalf of their valued clients. They are available for inquiries regarding off-market opportunities via their email addresses.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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