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GDF Properties Acquires Pompano Beach Shopping Center For $11.6M

Property Image
SOLD
$11,600,000
David Egozi
ES
Simon Singer

Florida

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Other58,719 SF
Sold 01/20/2020
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Property Image
SOLD

GDF Properties Acquires Pompano Beach Shopping Center For $11.6M

2401 W Atlantic Blvd, Pompano Beach, FL 33069, USA

See Similar Deals
Other58,719 SF
Sold 01/20/2020
David Egozi
ES
Simon Singer
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$197
Total Square Footage:58,719 SF
Transaction Type:Sale

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.

Players

David Egozi
David Egozi
3 deals$24.9M volume
BROKER
Simon Singer
Simon Singer
2 deals$36.6M volume
BROKER
GP
GDF Properties
BUYER
ES
Elie Schwartz
2 deals$32.3M volume
SELLER
ES
Elie Schwartz
2 deals$32.3M volume
SELLER
Simon Singer
Simon Singer
2 deals$36.6M volume
SELLER

Details

SOLD
IMAGE: Elie Schwartz, Simon Singer & David Egozi DATE: 01/20/2020 ADDRESS: 2401 West Atlantic Boulevard MARKET: Pompano Beach ASSET TYPE: Shopping center PRICE: $11,600,000 SF: 58,719 PPSF: $197 BUYER: GDF Properties SELLER: Nightingale Properties - Elie Schwartz, Simon Singer BROKER: JDM Realty Group - David Egozi

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$618,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,212.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,989.92
Annual Debt Service$659,879.02