Peter Bizarro Acquires Office Property In Pompano Beach For $2.7M
SOLD
$2,700,000
Florida
See Similar DealsOffice25,971 SF
Sold 08/04/2021
SOLD
Peter Bizarro Acquires Office Property In Pompano Beach For $2.7M
1291 Southwest 29th Avenue, Pompano Beach, FL, USA
See Similar DealsOffice25,971 SF
Sold 08/04/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$104
Total Square Footage:25,971 SF
Transaction Type:Sale
An office property located at 1291 SW 29th Avenue in Pompano Beach has been sold for $2,700,000. The transaction took place on August 4, 2021. The property spans across 25,971 square feet, resulting in a price per square foot of $104. The buyers were Peter Bizarro, while the sellers were Charles J. and Kirk Sobolewski.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,700,000
- Date: August 4, 2021
- Address: 1291 SW 29th Avenue
- Market: Pompano Beach
The sale of this office property was facilitated by John Forman and James Karrat from Berger Commercial Realty/Corfac International. They acted as the brokers representing both the buyer, Peter Bizarro, and the sellers, Charles J. and Kirk Sobolewski.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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