Updated Dec 21, 2023
David Sexton III Acquires Industrial Property In Pompano Beach, FL From Ian Squire For $2.33M
956 Southwest 12th Street, Pompano Beach, Florida 33060, United States
$2,330,000
$175/SF
Building Size
13,286 SF
Asset Type
Industrial
Closing
Jul 12, 2022
About this deal
AI
Located at 956 SW 12th Ave in Pompano Beach, FL, this industrial property was recently sold in a transaction that took place on July 13, 2022. The property spans across 13,286 square feet and was sold at a price of $2,330,000, which equates to a price per square foot of $175.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,330,000
- Address: 956 SW 12th Ave, Pompano Beach, FL
- Market: Pompano Beach, FL
- Buyer: David Sexton III
- Seller: Ian Squire
- Square Feet: 13,286
- Price per Square Foot: $175
In this transaction, David Sexton III acquired the property from Ian Squire. David Sexton III was represented by their broker, while the seller, Ian Squire, handled the transaction independently.
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
6.81%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93