Albert Decespedes Purchases Industrial Asset From Gregory P. Lymber For $2.59M In Pompano Beach
SOLD
$2,590,000
Florida
See Similar DealsIndustrial8,396 SF
Sold 06/13/2025
SOLD
Albert Decespedes Purchases Industrial Asset From Gregory P. Lymber For $2.59M In Pompano Beach
2801 Northwest 22nd Terrace
See Similar DealsIndustrial8,396 SF
Sold 06/13/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$308
Total Square Footage:8,396 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,201.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,277.92
Annual Debt Service$147,335.06
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