Updated Dec 5, 2024
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
About this deal
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.
On the Map
$11,650,000
$125/SF
Industrial
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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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93