Banyan Corporate Center LLC Acquires Office In Pompano Beach For $5.9M
225 N Federal Hwy, Pompano Beach, FL 33062, USA
$5,900,000
$11/SF
Building Size
530,000 SF
Asset Type
Office
Closing
Aug 23, 2020
About this deal
AI
The office building located at 225 North Federal Highway in Pompano Beach has been sold for a price of $5,900,000. The property spans over 53,000 square feet and was acquired at a rate of $111 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,900,000
The seller of the property was Scott Brenner from CBRE, representing the seller's side. On the buyer's side, Banyan Corporate Center LLC, led by Joe Tuttle, completed the transaction.
The office sale at 225 N Federal Hwy, Pompano Beach, FL 33062, USA in Pompano Beach, Florida sold for $5.9M in 2020. The building is 530,000 square feet, implying about 11 per square foot on the published price. CBRE appears on the sale alongside CBRE. This page is the Pompano Beach, Florida file for the 225 N Federal Hwy, Pompano Beach, FL 33062, USA office sold: pricing, party profiles, and other closed office comps from the same Pompano Beach sit in the Market section below. Filter that Pompano Beach office set by closing date to see what else sold near 225 N Federal Hwy, Pompano Beach, FL 33062, USA around 2020. Published consideration for 225 N Federal Hwy, Pompano Beach, FL 33062, USA is $5.9M, dated 2020. Cite this Banyan Corporate Center LLC Acquires Office In Pompano Beach For $5.9M sale when underwriting similar office product around Pompano Beach, Florida.
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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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93