Dovid Rendler Purchases Industrial Property From Lisa Friedkin In Pompano Beach For $3.99M
SOLD
$3,999,000
Florida
See Similar DealsIndustrial38,000 SF
Sold 04/25/2025
SOLD
Dovid Rendler Purchases Industrial Property From Lisa Friedkin In Pompano Beach For $3.99M
2800 Gateway Drive
See Similar DealsIndustrial38,000 SF
Sold 04/25/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$105
Total Square Footage:38,000 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial property located at 2800 Gateway Drive in Pompano Beach. The sale price was $3,999,000, covering a total area of 38,000 square feet, which equates to a price per square foot of $105.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,999,000
- Address: 2800 Gateway Drive
- Market: Pompano Beach
- Buyer: Dovid Rendler
- Seller: Lisa Friedkin
- Broker: Jordan Beck - Berger Commercial Realty
This transaction featured broker Jordan Beck representing the interests of the seller, Lisa Friedkin, while Dovid Rendler acted as the buyer in the deal. The closing took place on April 25, 2025.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,280.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,207.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,957.30
Annual Debt Service$227,487.60
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