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
Pompano Beach 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
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93