Careecia Porter Acquires Office Building In Pompano Beach, FL For $3.8M
2155 North State Road 7th, Pompano Beach, Florida 33063, United States
$3,800,000
$435/SF
Building Size
8,729 SF
Asset Type
Office
Closing
Oct 19, 2022
About this deal
AI
The office building located at 2155 N State Road 7 in Pompano Beach, FL has been sold in a recent transaction. The property, with a total area of 8,729 square feet, was purchased for a price of $3,800,000, resulting in a price per square foot of $435.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $3,800,000
- Size: 8,729 square feet
- Price per Square Foot: $435
- Address: 2155 N State Road 7, Pompano Beach, FL
The buyer in this transaction is Careecia Porter, represented by their broker Kristian Baso.
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93