Criterion Group Acquires Industrial Property In Pompano Beach From Yoram Izhak For $16M
SOLD
$16,000,000
Florida
See Similar DealsIndustrial
Sold 11/15/2021
SOLD
Criterion Group Acquires Industrial Property In Pompano Beach From Yoram Izhak For $16M
33 Northwest 33rd Street, Pompano Beach, FL, USA
See Similar DealsIndustrial
Sold 11/15/2021
Summary
FLORIDA
Asset Type:Industrial
Transaction Type:Sale
The industrial property located at 33 Northwest 33rd Street in Pompano Beach has been sold. The transaction took place on November 15, 2021, with a sale price of $16,000,000. The property is owned by Yoram Izhak and was purchased by Criterion Group, represented by Yung Ching Siu.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,000,000
- Address: 33 Northwest 33rd Street, Pompano Beach
- Market: Pompano Beach
Yoram Izhak sold the industrial property to Criterion Group, with Yung Ching Siu representing the buyer. The deal was successfully closed, resulting in the transfer of ownership.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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