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2401 W Atlantic Blvd, Pompa...

GDF Properties Acquires Pompano Beach Shopping Center For $11.6M
SOLDOther

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

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.

Players

David Egozi

Broker

$24.9M

vol

3 deals

Broker
GP
GDF PropertiesBuyer

Elie Schwartz

Nightingale Properties

Seller

$32.3M

vol

2 deals

Seller

Pompano Beach 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

1.37%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93