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2801 Northwest 22nd Terrace

Albert Decespedes Purchases Industrial Asset From Gregory P. Lymber For $2.59M In Pompano Beach
SOLDIndustrial

Albert Decespedes Purchases Industrial Asset From Gregory P. Lymber For $2.59M In Pompano Beach

2801 Northwest 22nd Terrace

$2,590,000

$308/SF

Building Size

8,396 SF

Asset Type

Industrial

Closing

Jun 12, 2025

AI

The property asset involved in the transaction is an industrial space located at 2801 Northwest 22nd Terrace in Pompano Beach. The sale price of the property was $2,590,000, with a total square footage of 8,396. The price per square foot stands at $308.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,590,000
  • Address: 2801 Northwest 22nd Terrace
  • Market: Pompano Beach
  • Buyer: Albert Decespedes
  • Seller: Gregory P. Lymber
  • Broker: Anthony Mamann - LRM CREA

This transaction saw Albert Decespedes acquire the property from Gregory P. Lymber, with Anthony Mamann of LRM CREA serving as the broker representing the seller in the deal.

Players

Anthony Mamann

LRM CREA

Broker

$45.7M

vol

9 deals

Broker
LRM CREA
LRM CREABrokerage

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

6.12%

Cash-on-Cash

-1.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93