Updated Dec 14, 2024
450 E Copans Rd
450 E Copans Rd, Pompano Beach, FL...
$10,250,000
$204/SF
Building Size
50,200 SF
Asset Type
Industrial
Closing
Sep 29, 2022
About this deal
AI
The property asset involved in the transaction is located at 450 E Copans Rd, Pompano Beach, FL. The transaction was completed for a price of $10,250,000.00, encompassing a total square footage of 50,200. The market for this property is noted as Pompano Beach.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $10,250,000.00
- Address: 450 E Copans Rd, Pompano Beach, FL
- Market: Pompano Beach
- Seller's Representative: Dominic Montazemi, Gregory (Greg) Miller - Cushman & Wakefield
- Buyer: Redfearn Capital
- Square Footage: 50,200
In this transaction, the sellers were represented by Dominic Montazemi and Gregory (Greg) Miller from Cushman & Wakefield, while the buyer was Redfearn Capital. The involvement of these representatives played a crucial role in facilitating the deal.
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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93