Updated Dec 20, 2023
John Harrold & Cliff Berry II Acquire Warehouse In Pompano Beach For $3.5M
3331 Northeast 6th Terrace, Pompano Beach, Florida 33064, United States
$3,500,000
$491/SF
Building Size
7,120 SF
Asset Type
Industrial
Closing
Jun 15, 2022
About this deal
AI
The property involved in this closed transaction is a warehouse located at 3331 NE 6th Ter in Pompano Beach, FL. The warehouse has a total area of 7,120 square feet and was sold for a price of $3,500,000, resulting in a price per square foot of $491.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $3,500,000
- Address: 3331 NE 6th Ter, Pompano Beach, FL
- Market: Pompano Beach, FL
- Buyer: John Harrold & Cliff Berry II
- Seller: John Joseph D'Angelo
- Square Footage: 7,120
- Price per Square Foot: $491
John Harrold and Cliff Berry II were the buyers in this transaction, while John Joseph D'Angelo was the seller. Both parties were represented by their respective brokers.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93