Imperium Capital Acquires Industrial Asset In Pompano Beach For $8.5M
2407 Hammondville Road, Pompano Beach, FL, USA
$8,500,000
$704/SF
Building Size
12,074 SF
Asset Type
Industrial
Closing
Nov 10, 2021
AI
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
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93