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1140 Southwest 36th Avenue,...

Neary Family Acquires Retail Property In Pompano Beach For $6.375M With Buyer's Rep Jonathan Papeika & Alfredo Riascos - Gridline Properties
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Neary Family Acquires Retail Property In Pompano Beach For $6.375M With Buyer's Rep Jonathan Papeika & Alfredo Riascos - Gridline Properties

1140 Southwest 36th Avenue, Pompano Beach, Florida 33069, United States

$6,375,000

$188/SF

Building Size

33,820 SF

Asset Type

Retail

Closing

Jan 27, 2022

AI

A retail property located at 1140 SW 36 Ave in Pompano Beach has been sold for $6,375,000. The property spans 33,820 square feet, resulting in a price per square foot of $188.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,375,000
  • Date: 01/27/2022
  • Address: 1140 SW 36 Ave
  • Market: Pompano Beach
  • Buyer: Neary Family
  • Seller: Bennet Family & Cook Family
  • Buyer's Representative: Jonathan Papeika & Alfredo Riascos - Gridline Properties

The deal was facilitated by Jonathan Papeika and Alfredo Riascos from Gridline Properties, who represented the buyer, Neary Family, in the transaction. The seller was represented by their own representatives. No additional information is available.

Players

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker
Jonathan Papeika
Verified Badge

Jonathan Papeika

Colliers

Broker

$33.2M

vol

4 deals

Broker

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

2.49%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93