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4301 Northeast 11th Avenue

Michael Saba Acquires Industrial Property In Pompano Beach For $2,974,000 With Brokers Mamann And Faeth
SOLDIndustrial

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

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.

Players

Mark Faeth

LRM Commercial Real Estate Advisors

Broker

$47.6M

vol

13 deals

Broker

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