Updated Mar 31, 2025
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
About this deal
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.
On the Map
$5,805,250
$228/SF
Industrial
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Players
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