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
About this deal
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.
On the Map
$9,000,000
$130/SF
Office
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Pompano Beach Office Market Snapshot
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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