Updated Oct 29, 2024
Bridge Logistics Properties Acquires Industrial Property In Pompano Beach For $5.8M
290 Southwest 14th Avenue
$5,800,000
$182/SF
Building Size
31,834 SF
Asset Type
Industrial
Closing
Feb 16, 2023
About this deal
AI
Bridge Logistics Properties has acquired an industrial property located at 290 Southwest 14th Avenue in Pompano Beach. The property, with a total square footage of 31,834, was sold by Bruce Fischman of GFS Corp. The transaction was facilitated by broker Jordan Beck of Berger Realty. The sale price for this transaction was $5,800,000, resulting in a price per square foot of $182.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,800,000
- Address: 290 Southwest 14th Avenue, Pompano Beach
- Market: Pompano Beach
- Buyer: Bridge Logistics Properties
- Seller: Bruce Fischman - GFS Corp
- Broker: Jordan Beck - Berger Realty
- Square Footage: 31,834
- Price per Square Foot: $182
This deal highlights the involvement of key individuals and companies in the transaction, with Bridge Logistics Properties as the buyer, Bruce Fischman representing GFS Corp as the seller, and Jordan Beck of Berger Realty acting as the broker.
Players
Market 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93