Jonathan Kirschner & Elliot Schwab Acquire Care Facility In Pompano Beach For $16.9M
5951 Colonial Drive, Pompano Beach, Florida 33063, United States
$16,862,886
$404/SF
Building Size
41,653 SF
Asset Type
Other
Closing
Apr 5, 1922
About this deal
AI
The care facility located at 5951 Colonial Dr in Pompano Beach, FL has been sold in a recent transaction. The property spans an area of 41,653 square feet and was sold for a total price of $16,862,886, resulting in a price per square foot of $405.
Summary of transaction details
- Property Type: Care Facilities
- Transaction Amount: $16,862,886
- Address: 5951 Colonial Dr, Pompano Beach, FL
- Market: Pompano Beach, FL
The buyers in this transaction were Jonathan Kirschner & Elliot Schwab, while the seller was Robert O. Stephenson.
Players
Margate 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93