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
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
4.11%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93