Mark Hicks Acquires Industrial Asset From Mitch Berk In Pompano Beach For $1.85M
2400 West Copans Road
$1,850,000
$225/SF
Building Size
8,200 SF
Asset Type
Industrial
Closing
Apr 7, 2025
AI
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.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93