Updated Sep 9, 2024
David Sexton Acquires Industrial Property In Pompano Beach For $2.35M With Apex Capital Realty Brokers
956 North Andrews Avenue
$2,350,000
$176/SF
Building Size
13,286 SF
Asset Type
Industrial
Closing
Jul 13, 2022
About this deal
AI
The industrial property located at 956 SW 12th Ave in Pompano Beach has been sold for $2,350,000. Spanning across 13,286 square feet, the property was acquired by David Sexton from the seller, Ian Squire. The transaction was facilitated by Miguel Pinto, Felipe Escobar, and Adriano Salucci from APEX Capital Realty.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,350,000
- Square Footage: 13,286
- Price per Square Foot: $177
- Address: 956 SW 12th Ave, Pompano Beach
- Buyer: David Sexton
- Seller: Ian Squire
- Brokers: Miguel Pinto, Felipe Escobar, and Adriano Salucci - APEX Capital Realty
The involvement of David Sexton as the buyer and Ian Squire as the seller highlights the key individuals in this transaction. Additionally, Miguel Pinto, Felipe Escobar, and Adriano Salucci from APEX Capital Realty played crucial roles as the brokers representing the parties involved.
Players
Miami 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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93