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956 SW 12th Ave, Pompano Be...

Updated Dec 20, 2023

David Sexton Acquires Industrial Property In Pompano Beach For $2.35M
SOLDIndustrial

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

Miguel Pinto

APEX Capital Realty

Broker

$330.5M

vol

50 deals

Broker

Ian Squire

Seller

$7M

vol

3 deals

Seller

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $176 per square foot on a published $2.4M for 13,286 square feet (2022).

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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

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