Jason Rubin Acquires Pompano Beach Warehouse For $4.95M
SOLD
$4,952,520
Florida
See Similar DealsIndustrial20,500 SF
Sold 06/08/2022
SOLD
Jason Rubin Acquires Pompano Beach Warehouse For $4.95M
605 Northwest 31st Avenue, Pompano Beach, Florida 33069, United States
See Similar DealsIndustrial20,500 SF
Sold 06/08/2022
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.
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Details
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Deal Type
30 years
10 years
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
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