Drew Rosen Acquires Industrial Property In Pompano Beach For $1.6M With Seller's Rep Mark Faeth
SOLD
$1,600,000
Florida
See Similar DealsIndustrial4,762 SF
Sold 01/21/2026
SOLD
Drew Rosen Acquires Industrial Property In Pompano Beach For $1.6M With Seller's Rep Mark Faeth
3410 Northeast 6th Terrace
See Similar DealsIndustrial4,762 SF
Sold 01/21/2026
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$336
Total Square Footage:4,762 SF
Transaction Type:Sale
The industrial property located at 3410 Northeast 6th Terrace in Pompano Beach has been sold for $1,600,000. The asset spans 4,762 square feet, resulting in a price per square foot of $335.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,600,000
- Address: 3410 Northeast 6th Terrace
- Market: Pompano Beach
- Seller: Michael Saba & Michael Saba Jr.
- Buyer: Drew Rosen
- Seller's Representative: Mark Faeth - LRM CREA
This transaction highlights the involvement of Drew Rosen as the buyer, while Mark Faeth represented the sellers in the deal. Michael Saba and Michael Saba Jr. were the sellers of the property. Each played a significant role in facilitating the sale within the market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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