Meir M. Cohen & Menachem Light Acquire Care Facility In Pompano Beach, FL For $3.1M
SOLD
$3,100,000
Florida
See Similar DealsOther5,356 SF
Sold 06/20/2022
SOLD
Meir M. Cohen & Menachem Light Acquire Care Facility In Pompano Beach, FL For $3.1M
1020 North Riverside Drive, Pompano Beach, Florida 33062, United States
See Similar DealsOther5,356 SF
Sold 06/20/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$578
Total Square Footage:5,356 SF
Transaction Type:Sale
The care facility located at 1020 N Riverside Dr in Pompano Beach, FL was recently sold in a transaction. The property spans 5,356 square feet and was sold for a price of $3,100,000, resulting in a price per square foot of $578.
Summary of transaction details:
- Property Type: Care Facilities
- Transaction Amount: $3,100,000
- Address: 1020 N Riverside Dr, Pompano Beach, FL
- Square Footage: 5,356
The buyer of the care facility was Meir M. Cohen & Menachem Light, while the seller was Lupo Talmo.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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