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KZ Capital Acquires Industrial Asset In Pompano Beach For $2.5M

Property Image
SOLD
$2,500,000

Florida

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Industrial14,864 SF
Sold 06/21/2024
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Property Image
SOLD

KZ Capital Acquires Industrial Asset In Pompano Beach For $2.5M

919-960 South Dixie Highway West

See Similar Deals
Industrial14,864 SF
Sold 06/21/2024
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$168
Total Square Footage:14,864 SF
Transaction Type:Sale

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

Jake Zebede
16 deals$333.7M volume
BROKER

Joseph Linder
Trustone Realty Advisors
2 deals$4.6M volume
BROKER

Details

SOLD
IMAGE: Jake Zebede & Joseph Linder DATE: 06/21/2024 ADDRESS: 919-960 South Dixie Highway West MARKET: Pompano Beach ASSET TYPE: Industrial BUYER: KZ Capital SELLER: Chuck Walker - CH Walker Properties BROKERS: Joseph Linder (@Zebedez) & Jake Zebede (@JLinder5) - Trustone Realty Advisors SALE PRICE: $2,500,000 SF: 14,864 ~ PPSF: $168

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

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31