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1291 Southwest 29th Avenue,...

Peter Bizarro Acquires Office Property In Pompano Beach For $2.7M
SOLDOffice

Peter Bizarro Acquires Office Property In Pompano Beach For $2.7M

1291 Southwest 29th Avenue, Pompano Beach, FL, USA

$2,700,000

$104/SF

Building Size

25,971 SF

Asset Type

Office

Closing

Aug 4, 2021

AI

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.

Players

James Karrat

Berger Commercial Realty

Broker

$6M

vol

2 deals

Broker

Pompano Beach Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93