Als Acquisitions LLC Acquires Office/Retail Property In Pompano Beach For $9M
1600 S Cypress Rd, Pompano Beach, FL, USA
$9,000,000
$130/SF
Building Size
68,928 SF
Asset Type
Office
Closing
Jul 28, 2021
AI
Located at 1600-1626 S Cypress Rd in Pompano Beach, this office/retail property was recently sold in a closed transaction. The property spans 68,928 square feet and was sold at a price of $9,000,000, resulting in a price per square foot of $131.
Summary of transaction details
- Property Type: Office/Retail
- Transaction Amount: $9,000,000
- Square Footage: 68,928
- Price per Square Foot: $131
- Address: 1600-1626 S Cypress Rd, Pompano Beach
Als Acquisitions LLC purchased the property from Ezra Uzi Skandrani. The deal was brokered by Ezra Uzi Skandrani's representative.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93