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
About this deal
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
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