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

Property Image
SOLD
$7,850,000
Jordan Beck
John Forman

Florida

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Industrial54,568 SF
Sold 03/24/2025
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Property Image
SOLD

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

2999 North Powerline Road

See Similar Deals
Industrial54,568 SF
Sold 03/24/2025
Jordan Beck
John Forman
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$143
Total Square Footage:54,568 SF
Transaction Type:Sale

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
Jordan Beck
29 deals$278.5M volume
BROKER
John Forman
John Forman
8 deals$18.9M volume
BUYER
SR
Sand Lake Realty
BUYER

Details

SOLD
IMAGE: John Forman, Jordan Beck & McCoy Berger DATE: 03/24/2025 ADDRESS: 2939-2999 North Powerline Road MARKET: Pompano Beach ASSET TYPE: Industrial ~ ACRES: 3.28 BUYER: McCoy Berger & John Forman - Sand Lake Realty SELLER: Lisa Friedkin BUYER'S REP: Jordan Beck - Berger Commercial Realty LENDER: Northern Trust SALE PRICE: $7,850,000 SF: 54,568 ~ PPSF: $144 NOTE: Sand Lake Realty purchased a 54,568-square-foot industrial flex property at 2939-2999 North Powerline Road in Pompano Beach from Lisa Friedkin for $7.85 million. The deal included $5 million in financing from Northern Trust. Sand Lake Realty is a South Florida-based real estate investment manager. The firm focuses on acquiring and repositioning management-intensive properties in supply-constrained Florida markets.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$418,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,889.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,213.00
Annual Debt Service$446,556.06