Butters Group Acquires Land In Pompano Beach From Florida Waves Project LLC For $3,911,333
1200 Nw 31st Avenue
$3,911,333
Lot Size
190,070 SF
Asset Type
Land
Closing
Apr 6, 2021
About this deal
AI
The transaction involves a land asset located at 1200 Nw 31st Avenue in Pompano Beach. The property was sold for a total of $3,911,333.00, marking a significant transfer within the market. The specifics of the asset highlight its focus on land rather than developed property.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,911,333.00
- Buyer: Butters Group
- Seller: Florida Waves Project, LLC
- Broker: Alejandro Snyder - Current Real Estate Advisors
- Transaction Date: 04/06/2021
- Market: Pompano Beach
In this transaction, Butters Group acquired the property from Florida Waves Project, LLC, with representation from Alejandro Snyder of Current Real Estate Advisors, facilitating the deal's completion. Each party played a crucial role in ensuring the transaction proceeded smoothly, reflecting a cooperative engagement in the property market.
On the Map
$3,911,333
Land
View full map
Players
Pompano Beach Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Pompano Beach land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.06%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93