Updated Dec 14, 2024
Redfearn Capital Acquires Pompano Beach Industrial Property For $10.25M
450 East Copans Road, Pompano Beach, Florida 33064, United States
$10,250,000
$204/SF
Building Size
50,200 SF
Asset Type
Industrial
Closing
Sep 28, 2022
About this deal
AI
An industrial property located at 450 East Copans Road in Pompano Beach has been sold for a transaction amount of $10,250,000. The property spans 50,200 square feet, resulting in a price per square foot of $204. The sale took place on September 29, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,250,000
- Address: 450 East Copans Road
- Market: Pompano Beach
Redfearn Capital acquired the property from 450 E Copans Rd LLC. The transaction was facilitated by Cushman & Wakefield, with Dominic Montazemi, Mike Ciadella, Scott O’Donnell, Greg Miller, and Miguel Alcivar serving as the brokers representing both the buyer and the seller.
Players
Pompano Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Scott O'Donnell to view all their deals.
Browse Florida industrial sales on Traded.
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