Justin Kirk, Douglas Brawn, Sean O'Malley, And Scott McCorvie Acquire Medical Facility In Pompano Beach For $11.4M
5600 Lakeside Dr, Pompano Beach, FL, USA
$11,375,000
$63/SF
Building Size
178,758 SF
Asset Type
Other
Closing
Jun 28, 2021
About this deal
AI
The medical facility located at 5600 Lakeside Dr in Pompano Beach has been sold for a transaction amount of $11,375,000. This property spans across a total square footage of 178,758, resulting in a price per square foot of $64. The sale took place on June 29, 2021.
Summary of transaction details
- Property Type: Medical Facility
- Transaction Amount: $11,375,000
- Address: 5600 Lakeside Dr
- Market: Pompano Beach
- Square Footage: 178,758
- Price Per Square Foot: $64
The buyer of this medical facility is Justin Kirk, Douglas Brawn, Sean O'malley, and Scott Mccorvie. They acquired the property from the seller, Paul Fry.
On the Map
$11,375,000
$63/SF
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93