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3001 Center Port Cir, Pompa...

Updated Oct 29, 2024

CRSC Commercial Holdings LLC Acquires Industrial Property In Pompano Beach For $8.7M
SOLDIndustrial

CRSC Commercial Holdings LLC Acquires Industrial Property In Pompano Beach For $8.7M

3001 Center Port Cir, Pompano Beach...

$8,700,000

$140/SF

Building Size

62,000 SF

Asset Type

Industrial

Closing

Nov 14, 2019

About this deal

AI

The Class A 62,000-square-foot office/warehouse asset located at 3001 Center Port Circle in Pompano Beach was sold for $8.7 million. The property features five dock high loading doors, two ramps with oversized, fully motorized doors, and is situated close to Interstate 94, between Sample Road and Copans Road.

Summary of transaction details:

CBRE's Executive Vice Presidents Jeff Kelly, Robert Smith, and First Vice President Kirk Nelson facilitated the transaction. The property was purchased by CRSC Commercial Holdings LLC, representing Logoup.com, an e-commerce provider of branded products, who will be the building's occupant. Rexall Sundown, the seller, had acquired the asset in 2010 for $4.6 million. According to CBRE's Broward County industrial report for the third quarter, tenants are increasingly choosing to buy assets rather than lease them due to growing trends in the market.

On the Map

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$8,700,000

$140/SF

Industrial

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Players

Kirk Nelson

CBRE

Broker

$173.4M

vol

16 deals

Broker
RS
Rexall SundownSeller
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Pompano Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $140 per square foot on a published $8.7M for 62,000 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.82%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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