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2999 North Powerline Road

McCoy Berger And John Forman Of Sand Lake Realty Acquire Industrial Asset In Pompano Beach For $7.85M
SOLDIndustrial

McCoy Berger And John Forman Of Sand Lake Realty Acquire Industrial Asset In Pompano Beach For $7.85M

2999 North Powerline Road

$7,850,000

$143/SF

Building Size

54,568 SF

Asset Type

Industrial

Closing

Mar 24, 2025

AI

The property asset involved in this transaction is an industrial facility located at 2999 North Powerline Road in Pompano Beach. This asset was sold for $7,850,000.00 and covers a total area of 54,568 square feet.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $7,850,000.00
  • Address: 2999 North Powerline Road
  • Market: Pompano Beach
  • Square Footage: 54,568.0
  • Seller: Lisa Friedkin
  • Buyer: McCoy Berger & John Forman - Sand Lake Realty
  • Broker: Jordan Beck - Berger Commercial Realty

This transaction involved key figures such as the buyer representatives McCoy Berger and John Forman, who represent Sand Lake Realty in the deal. The seller of the property is Lisa Friedkin, and the brokerage service was provided by Jordan Beck from Berger Commercial Realty.

Players

Jordan Beck

Berger Commercial Realty

Broker

$278.5M

vol

29 deals

Broker
John Forman

John Forman

Sand Lake Realty

Buyer

$18.9M

vol

8 deals

Buyer
SR
Sand Lake RealtyBuyer

Pompano Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.02%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93