facebook
Traded Co logo
Submit

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

Property Image
SOLD
$5,805,250
Michael Oretsky
Tom O'Loughlin
Larry Genet
+ 1

Florida

See Similar Deals
Industrial25,406 SF
Sold 03/21/2025
the dealplayerscompscontact
Property Image
SOLD

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

1291 Southwest 29th Avenue

See Similar Deals
Industrial25,406 SF
Sold 03/21/2025
Michael Oretsky
Tom O'Loughlin
Larry Genet
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$228
Total Square Footage:25,406 SF
Transaction Type:Sale

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
Larry Genet
57 deals$436M volume(305) 807-0004
BROKER
Tom O'Loughlin
CBRE
Tom O'Loughlin
56 deals$831.7M volume(954) 817-3919
BROKER
Michael Oretsky
CBRE
Michael Oretsky
23 deals$114.3M volume(954) 331-1749
BROKER
Samuel (Sam) Koss
CBRE
Samuel Koss
2 deals$16.3M volume(508) 237-8824
BROKER
DM
DoveHill Capital Management
BUYER

Details

SOLD
IMAGE: Jake M. Wurzak, Samuel Koss, Tom O'Loughlin, Michael Oretsky & Larry Genet DATE: 03/21/2025 ADDRESS: 1291 Southwest 29th Avenue MARKET: Pompano Beach ASSET TYPE: Industrial BUYER: Jake M. Wurzak SELLER: Peter A Bizzarro BROKERS: Samuel Koss (@SamKoss), Larry Genet (@LarryGenet), Tom O'Loughlin (@OLoughlin.Tom) & Michael Oretsky - CBRE (@CBRE) SALE PRICE: $5,805,250 SF: 25,406 ~ PPSF: $228 NOTE FROM BROKER: Almost two years in the making, our CBRE team is excited to announce this off-market sale to repeat client Dovehill Capital Management. The property is 100% leased long-term to a high-credit tenant in the medical device industry. Contact our team with any listing referrals or off-market sale opportunities!

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$309,613.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,624.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,519.85
Annual Debt Service$330,238.16