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

Property Image
SOLD
$11,650,000
Richard "Rick" Etner Jr
Leandro Pereira
Jonathan (Jon) Cashion
+ 1

Florida

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Industrial93,000 SF
Sold 11/20/2020
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Industrial93,000 SF
Sold 11/20/2020
Richard "Rick" Etner Jr
Leandro Pereira
Jonathan (Jon) Cashion
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$125
Total Square Footage:93,000 SF
Transaction Type:Sale

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
Leandro Pereira
1 deal$11.7M volume
BROKER
Eric Spritz
Katz & Associates Real Estate Advisors
Eric Spritz
2 deals$15.4M volume
BROKER
Jonathan (Jon) Cashion
Katz & Associates Real Estate Advisors
Jonathan Cashion
4 deals$25.2M volume
BROKER
Richard "Rick" Etner Jr
Cushman & Wakefield
Richard Etner Jr
18 deals$171.9M volume
BROKER
Elion Partners
Elion Partners
BROKERAGE
Elion Partners
Elion Partners
BUYER

Details

SOLD
IMAGE: Jon Cashion, Eric Spritz, Leandro Pereira, & Rick Etner Jr.⁠ DATE: 11/20/2020⁠ ADDRESS: 3141 Southwest 10th Street⁠ MARKET: Pompano Beach⁠ ASSET TYPE: Industrial⁠ ⁠ BUYER: Elion Partners⁠ SELLER: Bennett Auto Supply⁠ BUYER'S REP: Rick Etner Jr. - Cushman & Wakefield (@CushWake)⁠ SELLER'S REP: Jon Cashion (@JonCashion), Eric Spritz ( @Eric.Spritz), & Leandro Pereira (@LeandroPereira161) - Katz & Associates (@KatzRetail)⁠ ⁠ PRICE: $11,650,000⁠ SF: 93,000 ~ PPSF: $125⁠

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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