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2999 North Powerline Road

Updated Oct 13, 2026

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

About this deal

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:

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.

On the Map

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$7,850,000

$143/SF

Industrial

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Players

Jordan Beck

Berger Commercial Realty

Broker

$296.6M

vol

31 deals

Broker
John Forman

John Forman

Sand Lake Realty

Buyer

$18.9M

vol

8 deals

Buyer

Lisa Friedkin

Seller
Seller
The Northern Trust Company
The Northern Trust CompanyLender
Bilt advertisement

Pompano Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $143 per square foot on a published $7.9M for 54,568 square feet (2025).

Visit Jordan Beck to view all their deals.

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

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