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
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