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919-960 South Dixie Highway...

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

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

Jake Zebede
Verified Badge

Jake Zebede

Trustone Realty Advisors

Broker

$333.7M

vol

16 deals

Broker

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