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2700 Gateway Drive

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

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

Jordan Beck

Berger Commercial Realty

Broker

$278.5M

vol

29 deals

Broker

Dovid Rendler

Buyer

$17.2M

vol

3 deals

Buyer

Richard R. Previdi

Alliance Partners HSP

Seller

$87.2M

vol

3 deals

Seller

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