GDF Properties Acquires Pompano Beach Shopping Center For $11.6M
2401 W Atlantic Blvd, Pompano Beach, FL 33069, USA
$11,600,000
$197/SF
Building Size
58,719 SF
Asset Type
Other
Closing
Jan 19, 2020
About this deal
AI
A shopping center located at 2401 West Atlantic Boulevard in Pompano Beach has been sold for a price of $11,600,000. The property spans a total of 58,719 square feet and is valued at approximately $197 per square foot.
Summary of transaction details
- Property Type: Shopping center
- Transaction Amount: $11,600,000
- Address: 2401 West Atlantic Boulevard
- Market: Pompano Beach
- Square Footage: 58,719
- Price Per Square Foot: $197
GDF Properties has acquired the shopping center from Nightingale Properties, represented by Elie Schwartz and Simon Singer. The sale was facilitated by JDM Realty Group, with David Egozi serving as the broker.
On the Map
$11,600,000
$197/SF
Other
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Pompano Beach Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93