facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

1140 SW 36th Ave Pompano Be...

Benderson Development Acquires Retail Property In Pompano Beach For $7.1M
SOLDRetail

Benderson Development Acquires Retail Property In Pompano Beach For $7.1M

1140 SW 36th Ave Pompano Beach, FL 33069, USA

$7,100,000

$250/SF

Building Size

28,300 SF

Asset Type

Retail

Closing

Jul 31, 2023

AI

A retail property located at 1140 Southwest 36th Avenue in Pompano Beach has been sold for $7,100,000. The property spans 28,300 square feet, resulting in a price-per-square-foot of $251. The transaction took place on July 31, 2023.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,100,000
  • Square Footage: 28,300
  • Price per Square Foot: $251
  • Address: 1140 Southwest 36th Avenue, Pompano Beach

Benderson Development acquired the property from Thomas Neary, who represented the Neary Family Office. The deal was facilitated by Evan Whelan and Josh Symonette of the TD Commercial Group, acting as brokers.

Players

Evan Whelan

Broker

$7.1M

vol

1 deal

Broker
BP
Bowery PropertiesBuyer
Thomas Neary

Thomas Neary

Seller

$207M

vol

13 deals

Seller

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93