KZ Capital Acquires Industrial Asset In Pompano Beach For $2.5M
919-960 South Dixie Highway West
$2,500,000
$168/SF
Building Size
14,864 SF
Asset Type
Industrial
Closing
Jun 21, 2024
AI
The industrial property located at 919-960 South Dixie Highway West in Pompano Beach was successfully sold for $2,500,000. The asset spans 14,864 square feet, resulting in a price per square foot of $168. The transaction involved KZ Capital as the buyer and Chuck Walker of CH Walker Properties as the seller. Brokers Joseph Linder and Jake Zebede from Trustone Realty Advisors represented the parties in the deal.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 919-960 South Dixie Highway West
- Market: Pompano Beach
- Buyer: KZ Capital
- Seller: Chuck Walker - CH Walker Properties
- Brokers: Joseph Linder & Jake Zebede - Trustone Realty Advisors
Jake Zebede and Joseph Linder played crucial roles as brokers in facilitating the sale of the industrial property. Their expertise and guidance were instrumental in bringing the transaction to a successful close, showcasing their proficiency in the real estate market of Pompano Beach.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93