Eugene Fontanini Acquires Bank/Credit Unions Property In Pompano Beach For $3.7M
1 East Mcnab Road, Pompano Beach, Florida 33060, United States
$3,725,000
$758/SF
Building Size
4,914 SF
Asset Type
Retail
Closing
Jun 29, 2022
About this deal
AI
Located at 1 E McNab Rd in Pompano Beach, FL, this bank/credit union property was recently sold on June 30, 2022. The property spans 4,914 square feet and was sold for a price of $3,725,000, resulting in a price per square foot of $758.04.
Summary of transaction details
- Property Type: Bank/Credit Unions
- Transaction Amount: $3,725,000
- Address: 1 E McNab Rd, Pompano Beach, FL
- Market: Pompano Beach, FL
- Buyer: Eugene Fontanini
- Seller: Anthony Phillips & Kathy Benard Phillips
- Square Footage: 4,914
- Price per Square Foot: $758.04
Eugene Fontanini acted as the buyer in this transaction, while Anthony Phillips and Kathy Benard Phillips represented the sellers.
Players
Pompano Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93