Rosemurgy Properties Sells Mixed-use Property In Pompano Beach For $10.2M
2350-2390 North Federal Hig
$10,180,000
$754/SF
Building Size
13,500 SF
Asset Type
Mixed-use
Closing
Dec 12, 2020
About this deal
AI
The mixed-use property located at 2350-2390 North Federal Highway in Pompano Beach was recently sold for a price of $10,180,000. The property spans a total area of 13,500 square feet, resulting in a price per square foot of $750. The sale took place on December 12, 2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $10,180,000
- Address: 2350-2390 North Federal Highway, Pompano Beach
- Market: Pompano Beach
- Seller: Rosemurgy Properties
- Brokers: Eva Garzón & Patrick Nutt - The Grand Lion Real Estate Group
Eva Garzón and Patrick Nutt from The Grand Lion Real Estate Group represented the seller, Rosemurgy Properties, in this transaction.
On the Map
$10,180,000
$754/SF
Mixed-use
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Pompano Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93