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
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