Neary Family Acquires Retail Property In Pompano Beach For $6.375M With Buyer's Rep Jonathan Papeika & Alfredo Riascos - Gridline Properties
SOLD
$6,375,000
Florida
See Similar DealsRetail33,820 SF
Sold 01/27/2022
SOLD
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
See Similar DealsRetail33,820 SF
Sold 01/27/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$188
Total Square Footage:33,820 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$340,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,649.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,220.75
Annual Debt Service$362,649.03
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