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33 Northwest 33rd Street, P...

Criterion Group Acquires Industrial Property In Pompano Beach From Yoram Izhak For $16M
SOLDIndustrial

Criterion Group Acquires Industrial Property In Pompano Beach From Yoram Izhak For $16M

33 Northwest 33rd Street, Pompano Beach, FL, USA

$16,000,000

Building Size

Asset Type

Industrial

Closing

Nov 15, 2021

AI

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.

Players

Yung Ching Siu

Criterion Group

Buyer

$57.9M

vol

4 deals

Buyer
Yoram Izhak

Yoram Izhak

Seller

$472.7M

vol

20 deals

Seller

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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93