Michael Saba Acquires Industrial Property In Pompano Beach For $2,974,000 With Brokers Mamann And Faeth
SOLD
$2,974,000
Florida
See Similar DealsIndustrial12,935 SF
Sold 10/21/2024
SOLD
Michael Saba Acquires Industrial Property In Pompano Beach For $2,974,000 With Brokers Mamann And Faeth
4301 Northeast 11th Avenue
See Similar DealsIndustrial12,935 SF
Sold 10/21/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$229
Total Square Footage:12,935 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$158,613.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,566.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,098.28
Annual Debt Service$169,179.33
Is there something missing? Send suggestions