Updated Sep 9, 2024
Nick Watson Represented the Buyer of an Industrial Property In Pompano Beach For $3.225M
2881 NE 7th Ave Pompano Beach, FL 33064, USA
$3,225,000
$202/SF
Building Size
15,900 SF
Asset Type
Industrial
Closing
Jun 7, 2023
About this deal
AI
The industrial property located at 2881 Northeast 7th Avenue in Pompano Beach was sold for $3,225,000. Spanning 15,900 square feet, the property was sold at a price per square foot of $203. The seller of the property was Michael Ostrow, with the sale facilitated by broker Nick Watson from Matthews Real Estate Investment Services.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,225,000
- Seller: Michael Ostrow
- Broker: Nick Watson - Matthews Real Estate Investment Services
- Address: 2881 Northeast 7th Avenue
- Market: Pompano Beach
- Square Footage: 15,900
- Price per Square Foot: $203
Nick Watson from Matthews Real Estate Investment Services represented Michael Ostrow in the transaction, showcasing his expertise in facilitating industrial property deals in the Pompano Beach market.
Players
Miami 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
4.92%
Cash-on-Cash
-1.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93