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Dovid Rendler's Zev Corp Acquires Pompano Beach Industrial Property For $9.2M

Property Image
SOLD
$9,177,500
Jordan Beck
Tony Hoover
DR
+ 1

Florida

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Industrial45,000 SF
Sold 11/22/2023
the dealplayerscompscontact
Property Image
SOLD

Dovid Rendler's Zev Corp Acquires Pompano Beach Industrial Property For $9.2M

2700 Gateway Drive

See Similar Deals
Industrial45,000 SF
Sold 11/22/2023
Jordan Beck
Tony Hoover
DR
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$203
Total Square Footage:45,000 SF
Transaction Type:Sale

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

Jordan Beck
Berger Commercial Realty
Jordan Beck
29 deals$278.5M volume
BROKER
Tony Hoover
CBRE
Tony Hoover
1 deal$9.2M volume(561) 393-1619
BROKER
DR
Dovid Rendler
3 deals$17.2M volume
BUYER
RP
Richard R. Previdi
3 deals$87.2M volume
SELLER
RP
Richard R. Previdi
3 deals$87.2M volume
SELLER

Details

SOLD
IMAGE: Tony Hoover & Jordan Beck DATE: 11/22/2023 ADDRESS: 2700 Gateway Drive MARKET: Pompano Beach ASSET TYPE: Industrial BUYER: Dovid Rendler - Zev Corp SELLER: Richard Previdi - Alliance BUYER'S REP: Jordan Beck (@JorBeck954) - Berger Realty (@BergerCommercialRealty) SELLER'S REP: Tony Hoover - CBRE (@CBRE) SALE PRICE: $9,177,500 SF: 45,500 ~ PPSF: $202

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$489,466.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,605.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,506.03
Annual Debt Service$522,072.39