Dovid Rendler's Zev Corp Acquires Pompano Beach Industrial Property For $9.2M
2700 Gateway Drive
$9,177,500
$203/SF
Building Size
45,000 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
The industrial property located at 2700 Gateway Drive in Pompano Beach has been sold in a recent transaction. The property spans 45,500 square feet and was sold for a price of $9,177,500, reflecting an average price per square foot of $202.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,177,500
- SF: 45,500
- PPSF: $202
The buyer in this transaction was Dovid Rendler, representing Zev Corp. On the other hand, Richard Previdi, representing Alliance, acted as the seller. Jordan Beck, from Berger Realty, served as the buyer's representative, while Tony Hoover, from CBRE, represented the seller.
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
1.73%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93