John Harrold & Cliff Berry II Acquire Warehouse In Pompano Beach For $3.5M
SOLD
$3,500,000
Florida
See Similar DealsIndustrial7,120 SF
Sold 06/16/2022
SOLD
John Harrold & Cliff Berry II Acquire Warehouse In Pompano Beach For $3.5M
3331 Northeast 6th Terrace, Pompano Beach, Florida 33064, United States
See Similar DealsIndustrial7,120 SF
Sold 06/16/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$491
Total Square Footage:7,120 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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