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280 Northwest 12th Avenue, ...

Seagis Property Group Acquires Industrial Property In Pompano Beach For $3.86M
SOLDIndustrial

Seagis Property Group Acquires Industrial Property In Pompano Beach For $3.86M

280 Northwest 12th Avenue, Pompano Beach, FL, USA

$3,860,000

$313/SF

Building Size

12,300 SF

Asset Type

Industrial

Closing

Aug 27, 2021

AI

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

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$943.7M

vol

83 deals

Broker
Seagis Property Group
Seagis Property GroupBuyer

Pompano Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.11%

Cash-on-Cash

-1.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93