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601 Northwest 12th Avenue

Chuen Cheng Purchases Industrial Asset From Carl Troiano In Pompano Beach For $11M
SOLDIndustrial

Chuen Cheng Purchases Industrial Asset From Carl Troiano In Pompano Beach For $11M

601 Northwest 12th Avenue

$11,000,000

$142/SF

Building Size

77,265 SF

Asset Type

Industrial

Closing

Dec 15, 2025

AI

The property asset involved in the transaction is an industrial asset located at 601 Northwest 12th Avenue in the Pompano Beach market. The sale price of the property was $11,000,000, and it encompasses a total square footage of 77,265, resulting in a price per square foot of $142.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $11,000,000
  • Square Footage: 77,265
  • Price Per Square Foot: $142
  • Buyer: Chuen Cheng
  • Seller: Carl Troiano
  • Brokers: Jason Merrell, Robert Monahan & Roger Delisle - Island Associates Real Estate Inc.
  • Transaction Date: 12/16/2025

This transaction involved Chuen Cheng as the buyer and Carl Troiano as the seller, with representation provided by Jason Merrell, Robert Monahan, and Roger Delisle from Island Associates Real Estate Inc. The transaction is noteworthy due to the participation of multiple brokers who facilitated this deal in the industrial market sector.

Players

Jason Merrell

Island Associates Real Estate Inc.

Broker

$26.2M

vol

8 deals

Broker
Island Associates Real Estate Inc.
Island Associates Real Estate Inc.Brokerage

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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93