facebook
Traded Co logo
Submit

Entourage Florida Development Acquires 0.94 Acre Development Site In Pompano Beach For $9.3M

Property Image
SOLD
$9,300,000
Julian Zuniga
Gerard Yetming
JC

Florida

See Similar Deals
MultiFamily
Sold 11/04/2022
the dealplayerscompscontact
Property Image
SOLD

Entourage Florida Development Acquires 0.94 Acre Development Site In Pompano Beach For $9.3M

407 North Riverside Drive

See Similar Deals
MultiFamily
Sold 11/04/2022
Julian Zuniga
Gerard Yetming
JC
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

A development site located at 407-419 N Riverside Dr in Pompano Beach has been sold for a price of $9,300,000. The property spans approximately 0.94 acres and was purchased by Entourage Florida Development, represented by Jean Campeau. The seller of the site was Beztak Companies. The transaction was facilitated by brokers Gerard Yetming and Julian Zuniga from Colliers International.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $9,300,000
  • Address: 407-419 N Riverside Dr, Pompano Beach
  • Market: Pompano Beach
  • Buyer: Entourage Florida Development - Jean Campeau
  • Seller: Beztak Companies
  • Brokers: Gerard Yetming & Julian Zuniga - Colliers International

The buyer, Entourage Florida Development, was represented by Jean Campeau in the transaction. The seller, Beztak Companies, agreed to the sale of the development site. The deal was successfully facilitated by Gerard Yetming and Julian Zuniga of Colliers International, who acted as the brokers for the transaction.

Players

Julian Zuniga
Colliers
Julian Zuniga
16 deals$102M volume(786) 547-0153
BROKER
Gerard Yetming
Colliers
Gerard Yetming
17 deals$125.5M volume(305) 342-5059
BROKER
JC
Jean Campeau
2 deals$13.6M volume
BUYER
JC
Jean Campeau
2 deals$13.6M volume
BUYER

Details

SOLD
IMAGE: Gerard Yetming & Julian Zuniga DATE: 04/11/2022 ADDRESS: 407-419 N Riverside Dr MARKET: Pompano Beach ASSET TYPE: Development Site ~ ACRES: 0.94 BUYER: Entourage Florida Development - Jean Campeau SELLER: Beztak Companies (@Beztak_Properties) BROKERS: Gerard Yetming (@G.tt.mia) & Julian Zuniga (@Zuniga346) - Colliers International (@ColliersInternational) SALE PRICE: $9,300,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$496,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94