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Nicolas & Isabella Mattos Acquire Retail Property In Pompano Beach For $10.1M

Property Image
SOLD
$10,100,000
Eva Garzon
Adam Gutin
+ 1

Florida

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Mixed-use13,500 SF
Sold 12/15/2020
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Property Image
SOLD

Nicolas & Isabella Mattos Acquire Retail Property In Pompano Beach For $10.1M

2350-2390 North Federal Highway, Pompano Beach, FL, USA

See Similar Deals
Mixed-use13,500 SF
Sold 12/15/2020
Eva Garzon
Adam Gutin
+ 1
Contact now

Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$748
Total Square Footage:13,500 SF
Transaction Type:Sale

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.

Players

Patrick Nutt
74 deals$552.4M volume
BROKER

Adam Gutin
1 deal$10.1M volume
BROKER

Brian Hickey
1 deal$10.1M volume
BROKER

Eva Garzon
27 deals$313M volume(305) 766-5979
BROKER

SELLER

Details

SOLD
IMAGE: Patrick Nutt, Alex Rosemurgy, & Nicolas Rosemurgy DATE: 12/15/2020 ADDRESS: 2350-2390 North Federal Highway MARKET: Pompano Beach ASSET TYPE: Retail BUYER: Nicolas & Isabella Mattos SELLER: Rosemurgy Properties - Alex Rosemurgy II BUYER'S REP: Patrick Nutt - SRS Real Estate Partners SELLER'S REP: Adam Gutin & Brian Hickey - Nason Yeager PRICE: $10,100,000 SF: 13,500 ~ PPSF: $748

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$538,666.68

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,883.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,879.15
Annual Debt Service$574,549.83