Nicolas & Isabella Mattos Acquire Retail Property In Pompano Beach For $10.1M
2350-2390 North Federal Highway, Pompano Beach, FL, USA
$10,100,000
$748/SF
Building Size
13,500 SF
Asset Type
Mixed-use
Closing
Dec 14, 2020
About this deal
AI
Located in Pompano Beach, the retail property at 2350-2390 North Federal Highway has been sold in a recent transaction. The property spans over 13,500 square feet and was sold for a total price of $10,100,000, resulting in a price per square foot of $748. The deal was finalized on December 15, 2020.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,100,000
- Address: 2350-2390 North Federal Highway, Pompano Beach
- Market: Pompano Beach
The buyer of the property was Nicolas & Isabella Mattos, while Rosemurgy Properties, represented by Alex Rosemurgy II, acted as the seller. Patrick Nutt from SRS Real Estate Partners served as the buyer's representative. The seller was represented by Adam Gutin and Brian Hickey from Nason Yeager.
On the Map
$10,100,000
$748/SF
Mixed-use
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Players
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
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93