Bethesda Alliance Church Inc Acquires Religious Institution Property In Pompano Beach For $3.8M
1001 SW 71st Ave, Miami, FL, USA
$3,803,000
$405/SF
Building Size
9,388 SF
Asset Type
Other
Closing
Nov 29, 2021
About this deal
AI
A religious institution located at 1001 SW 71st Ave in Pompano Beach, FL has been sold in a recent transaction. The property spans across 9,388 square feet and was sold for a total price of $3,803,000, translating to a price per square foot of $405.
Summary of transaction details
- Property Type: Religious Institutions
- Transaction Amount: $3,803,000
- Address: 1001 SW 71st Ave, Pompano Beach, FL
- Market: Pompano Beach, FL
Bethesda Alliance Church Inc is the buyer in this transaction, while the seller is the Board Of Trustees Of The Florida Annual Conference Of The United Methodist Church Inc.
Players
Miami Other Market Snapshot
Boundary boundary · Other · 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