Joseph Chehebar & Lielle Chehebar Acquire Mixed-use Property In Pompano Beach For $1.35M
114 North Flagler Avenue, 120 North Flagler Avenue & 122 North Flagler Avenue
$1,350,000
$129/SF
Building Size
10,404 SF
Asset Type
Mixed-use
Closing
Feb 17, 2026
About this deal
AI
114, 120 & 122 North Flagler Avenue is a mixed-use property located in the market of Pompano Beach, featuring a total square footage of 10,404. The sale price was set at $1,350,000, translating to a price per square foot of $129.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,350,000
- Address: 114, 120 & 122 North Flagler Avenue
- Market: Pompano Beach
- Buyer: Joseph Chehebar & Lielle Chehebar - JC Holdings
- Seller: Christopher J Brown - Old Towne Flagler
- Square Footage: 10,404
- Price Per Square Foot: $129
Joseph Chehebar & Lielle Chehebar of JC Holdings acquired the property from Christopher J Brown of Old Towne Flagler. The buyers aim to attract food and beverage or service operators to enhance the area and support its growth. They have indicated that tenant improvements and Community Redevelopment Agency funds are available for potential tenants.
On the Map
$1,350,000
$129/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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93