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Jason Rubin Acquires Pompano Beach Warehouse For $4.95M

Property Image
SOLD
$4,952,520

Florida

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Industrial20,500 SF
Sold 06/08/2022
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Property Image
SOLD

Jason Rubin Acquires Pompano Beach Warehouse For $4.95M

605 Northwest 31st Avenue, Pompano Beach, Florida 33069, United States

See Similar Deals
Industrial20,500 SF
Sold 06/08/2022
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$241
Total Square Footage:20,500 SF
Transaction Type:Sale

The warehouse located at 601-605 NW 31st Ave in Pompano Beach, FL has been sold in a recent transaction. The property spans 20,500 square feet and was sold for a total price of $4,952,520. This equates to a price per square foot of $241.

Summary of transaction details

  • Property Type: Warehouse
  • Transaction Amount: $4,952,520
  • Address: 601-605 NW 31st Ave, Pompano Beach, FL
  • Market: Pompano Beach, FL
  • Square Footage: 20,500
  • Price per Square Foot: $241

The buyer in this transaction is Jason Rubin, while the seller is Issie Wiseman.

Players

9 deals$58.2M volume
BUYER

Details

SOLD
IMAGE: 06/08/2022 ADDRESS: 601-605 NW 31st Ave MARKET: Pompano Beach, FL ASSET TYPE: Warehouse BUYER: Jason Rubin SELLER: Issie Wiseman PRICE: $4,952,520 SF: 20,500 ~ PPSF: $241

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$264,134.40

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,595.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,477.47
Annual Debt Service$281,729.66