Seagis Property Group Acquires Industrial Property In Pompano Beach For $3.86M
SOLD
$3,860,000
Florida
See Similar DealsIndustrial12,300 SF
Sold 08/27/2021
SOLD
Seagis Property Group Acquires Industrial Property In Pompano Beach For $3.86M
280 Northwest 12th Avenue, Pompano Beach, FL, USA
See Similar DealsIndustrial12,300 SF
Sold 08/27/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$313
Total Square Footage:12,300 SF
Transaction Type:Sale
A industrial property located at 280 Northwest 12 Avenue in Pompano Beach has been sold for a price of $3,860,000. The property has a building size of 12,300 square feet, resulting in a price per square foot of $314. It also has a lot size of 110,379 square feet, with a price per square foot of $35.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,860,000
- Address: 280 Northwest 12 Avenue
- Market: Pompano Beach
The buyer of the property is Seagis Property Group, while the seller is Linkpoint Properties, represented by Camilo Niño. Axiom Capital Advisors, specifically Jose Sasson and Roberto Susi, acted as the buyer's representatives in this deal.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,713.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,298.37
Annual Debt Service$219,580.43
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