Imperium Capital Acquires Industrial Asset In Pompano Beach For $8.5M
SOLD
$8,500,000
Florida
See Similar DealsIndustrial12,074 SF
Sold 11/10/2021
SOLD
Imperium Capital Acquires Industrial Asset In Pompano Beach For $8.5M
2407 Hammondville Road, Pompano Beach, FL, USA
See Similar DealsIndustrial12,074 SF
Sold 11/10/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$704
Total Square Footage:12,074 SF
Transaction Type:Sale
This transaction involves the sale of an industrial property located at 2407 Hammondville Road in Pompano Beach, FL. The sale price of the asset was $8,500,000, with a total square footage of 12,074. The price per square foot came to $704. The property encompasses two repair shop buildings situated on 6.5 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Buyer: Imperium Capital - Daniel Glaser & Sam Schneider
- Seller: JTR Real Estate Ent - John Ragno
Key individuals involved include Daniel Glaser and Sam Schneider representing the buyer, Imperium Capital, and John Ragno representing the seller, JTR Real Estate Ent.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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