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1291 Southwest 29th Avenue

Jake M. Wurzak Acquires Industrial Property In Pompano Beach From Peter A Bizzarro For $5.8M
SOLDIndustrial

Jake M. Wurzak Acquires Industrial Property In Pompano Beach From Peter A Bizzarro For $5.8M

1291 Southwest 29th Avenue

$5,805,250

$228/SF

Building Size

25,406 SF

Asset Type

Industrial

Closing

Mar 21, 2025

AI

The property located at 1291 Southwest 29th Avenue in Pompano Beach is an industrial asset that has been sold for $5,805,250.00. The total square footage of the property is 25,406.0, and it has been fully leased long-term to a high-credit tenant in the medical device industry.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,805,250.00
  • Address: 1291 Southwest 29th Avenue
  • Market: Pompano Beach
  • Square Footage: 25,406.0
  • Buyer: Jake M. Wurzak
  • Seller: Peter A. Bizzarro

The transaction was facilitated by the CBRE team, which worked almost two years on this off-market sale. The buyer, Jake M. Wurzak, is a repeat client, Dovehill Capital Management, indicating a continuing relationship with the broker. The property was sold after being completely leased to a reliable tenant in the medical device sector.

Players

Larry Genet

CBRE

Broker

$454.4M

vol

62 deals

Broker
DM
DoveHill Capital ManagementBuyer

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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93