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
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