George Kostakis Acquires Pompano Beach Office For $3.4M
2701 Gateway Drive, Pompano Beach, FL, USA
$3,400,000
$120/SF
Building Size
28,319 SF
Asset Type
Office
Closing
Oct 24, 2021
About this deal
AI
The office property located at 2701 Gateway Dr in Pompano Beach has been sold in a transaction that took place on October 25, 2021. The property spans across 28,319 square feet and was sold for a total price of $3,400,000, resulting in an average price per square foot of $120.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,400,000
- Address: 2701 Gateway Dr
- Market: Pompano Beach
- Buyer: George Kostakis
- Seller: Laura Rode
- Square Footage: 28,319
- Price per Square Foot: $120
George Kostakis has acquired the office property located at 2701 Gateway Dr in Pompano Beach from Laura Rode. The deal was finalized on October 25, 2021, and marks an important transaction in the local market.
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93