Rosemurgy Properties Sells Mixed-use Property In Pompano Beach For $10.2M
SOLD
$10,180,000
Florida
See Similar DealsMixed-use13,500 SF
Sold 12/12/2020
SOLD
Rosemurgy Properties Sells Mixed-use Property In Pompano Beach For $10.2M
2350-2390 North Federal Hig
See Similar DealsMixed-use13,500 SF
Sold 12/12/2020
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$754
Total Square Footage:13,500 SF
Transaction Type:Sale
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.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$542,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,167.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,258.39
Annual Debt Service$579,100.72
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