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3141 Southwest 10th Street,...

Elion Partners Acquires Industrial Property In Pompano Beach For $11.65M
SOLDIndustrial

Elion Partners Acquires Industrial Property In Pompano Beach For $11.65M

3141 Southwest 10th Street, Pompano Beach, FL, USA

$11,650,000

$125/SF

Building Size

93,000 SF

Asset Type

Industrial

Closing

Nov 19, 2020

AI

The industrial property located at 3141 Southwest 10th Street in Pompano Beach has been sold for a price of $11,650,000. Spanning 93,000 square feet, the property was sold at a rate of $125 per square foot.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $11,650,000
  • Market: Pompano Beach

The buyer in this transaction was Elion Partners, while the seller was Bennett Auto Supply. Representing the buyer was Rick Etner Jr. from Cushman & Wakefield, while Jon Cashion, Eric Spritz, and Leandro Pereira from Katz & Associates represented the seller.

Players

Leandro Pereira

Broker

$11.7M

vol

1 deal

Broker
Elion Partners
Elion PartnersBrokerage
Elion Partners
Elion PartnersBuyer

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

1.36%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93