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2240 Northwest 16th Street

Updated Oct 13, 2026

SOLDIndustrial

Brendon Pantano Of Coastal Waste & Recycling Acquires Waste Management Site In Pompano Beach For $35.5M

2240 Northwest 16th Street & 2281 Northwest 15th Court

$35,500,000

$1,153/SF

Building Size

30,769 SF

Asset Type

Industrial

Closing

Oct 9, 2026

About this deal

AI

Coastal Waste & Recycling acquired a waste management site located at 2240–2281 Northwest 15th Court and 2281 & 2240 Northwest 16th Street in Pompano Beach, FL for $35.5 million. The asset encompasses 9.2 acres of land, featuring 30,769 square feet of warehouse space. The property is strategically situated in Broward County, an area noted for its limited availability of waste management sites, which enhances the value of the transaction.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $35,500,000
  • Square Footage: 30,769
  • Price Per Square Foot: $1,154
  • Buyer: Brendon Pantano - Coastal Waste & Recycling
  • Seller: Stanley Lomangino - Southern Waste Systems; David Halpen - CG 1996 Trust A Holdings LLC
  • Market: Pompano Beach, FL
  • Acres: 9.2

The parties involved in the transaction highlight significant players in the waste management industry. Brendon Pantano represents Coastal Waste & Recycling, which is actively engaged in recycling services. The sellers, Stanley Lomangino and David Halpen, are associated with Southern Waste Systems and CG 1996 Trust A Holdings LLC, respectively.

On the Map

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$35,500,000

$1,153/SF

Industrial

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Players

Brendon Pantano

Coastal Waste & Recycling

Buyer

$35.5M

vol

1 deal

Buyer

Stanley Lomangino

Southern Waste Systems

Seller

$35.5M

vol

1 deal

Seller
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Neath Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $35.5M for 30,769 square feet (2026).

Visit Southern Waste Systems to view all their deals.

Browse Neath industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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