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
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