Updated Dec 20, 2023
David Sexton Acquires Industrial Property In Pompano Beach For $2.35M
956 SW 12th Ave, Pompano Beach, FL 33069
$2,350,000
$176/SF
Building Size
13,286 SF
Asset Type
Industrial
Closing
Jul 12, 2022
About this deal
AI
The industrial property located at 956 SW 12th Ave in Pompano Beach has been sold for a price of $2,350,000. The property spans over 13,286 square feet, resulting in a price per square foot of $177. The sale was completed on July 13, 2022. The transaction involved the buyer, David Sexton, and the seller, Ian Squire. The deal was facilitated by brokers Miguel Pinto, Felipe Escobar, and Adriano Salucci from APEX Capital Realty.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,350,000
- Address: 956 SW 12th Ave
- Market: Pompano Beach
- Buyer: David Sexton
- Seller: Ian Squire
- Brokers: Miguel Pinto, Felipe Escobar, and Adriano Salucci - APEX Capital Realty
- Square Footage: 13,286
- Price per Square Foot: $177
Felipe Escobar, Miguel Pinto, and Adriano Salucci from APEX Capital Realty played a crucial role in facilitating the deal as the buyer's and seller's representatives. They ensured a successful transaction between David Sexton and Ian Squire.
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