Kaja Properties Inc Acquires 1.68 Acres Of Land In Pompano Beach For $1.9 Million
1501 West Atlantic Boulevard
$1,900,000
$25/SF
Building Size
73,247 SF
Asset Type
Land
Closing
Feb 5, 2025
AI
Kaja Properties Inc. acquired 1.68 acres of industrial land at 1501 West Atlantic Boulevard in Pompano Beach for $1,900,000. The property encompasses a total square footage of 73,247, which equates to $26 per square foot.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,900,000
- Address: 1501 West Atlantic Boulevard
- Market: Pompano Beach
- Acres: 1.68
- Square Footage: 73,247
- Price per Square Foot: $26
- Buyer: James Argyropoulos - Kaja Properties Inc
- Seller: Atlantic Industrial Property LLC
- Brokers: Blaise Pronesti & Jason Abitbol - APEX Capital Realty
Jason Abitbol and Blaise Pronesti from APEX Capital Realty represented the seller, Atlantic Industrial Property LLC, in this transaction involving the sale of industrial land.
Players
Pompano Beach Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93