Updated Dec 4, 2024
Michael Saba Acquires Industrial Property In Pompano Beach For $2,974,000 With Brokers Mamann And Faeth
4301 Northeast 11th Avenue
$2,974,000
$229/SF
Building Size
12,935 SF
Asset Type
Industrial
Closing
Oct 21, 2024
About this deal
AI
The property asset involved in the transaction is an industrial space located at 4301 Northeast 11th Avenue in Pompano Beach. The sale was completed for a price of $2,974,000, with a total square footage of 12,935. The price per square foot amounts to $229.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,974,000
- Address: 4301 Northeast 11th Avenue
- Market: Pompano Beach
- Square Footage: 12,935
- Price per Square Foot: $229
- Buyer: Michael Saba
- Seller: Dennis McNaney
- Brokers: Anthony Mamann & Mark Faeth - LRM CREA
In this transaction, Michael Saba acted as the buyer, while Dennis McNaney was the seller. The brokers representing the deal were Anthony Mamann and Mark Faeth from LRM CREA, facilitating the transfer of the industrial property.
On the Map
$2,974,000
$229/SF
Industrial
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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
5.33%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93