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2201-2283 SW 2nd St, Pompan...

Claudio & Gonzalo Maggi Acquire Pompano Beach Office Building For $8.4M
SOLDOffice

Claudio & Gonzalo Maggi Acquire Pompano Beach Office Building For $8.4M

2201-2283 SW 2nd St, Pompano Beach, FL 33069

$8,400,000

$282/SF

Building Size

29,739 SF

Asset Type

Office

Closing

Jan 7, 2022

AI

The property involved in this closed transaction is an office located at 2201-2283 Southwest Second Street in Pompano Beach. The sale took place on 01/07/2022 and the property was purchased for a total of $8,400,000. The office spans a total area of 29,739 square feet, resulting in a price per square foot of $282.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $8,400,000
  • Address: 2201-2283 Southwest Second Street, Pompano Beach
  • Market: Pompano Beach

The buyer of the property is Claudio & Gonzalo Maggi, while the seller is Atlantic Commercial Holdings represented by Peter Hotchkiss & Kenneth Jackson. The buyer was represented by Alejandro Silbestein from Resma, and the seller was represented by Scott O’Donnell & Greg Miller from Cushman & Wakefield. Additionally, the lender involved in this transaction is Banesco USA.

Players

Scott O'Donnell

Cushman & Wakefield

Broker

$581M

vol

32 deals

Broker

Claudio Maggi

Buyer

$18.4M

vol

2 deals

Buyer

Miami 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

1.89%

Cash-on-Cash

-0.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93