Joseph F. Trutwin, Constance H. Trutwin & Joan Cook Acquire Pompano Beach Retail Property From Warren Thompson For $6.8M
1140 Southwest 36th Avenue, Pompano Beach, FL, USA
$6,828,000
$201/SF
Building Size
33,820 SF
Asset Type
Retail
Closing
Oct 28, 2021
About this deal
AI
The retail property located at 1140 SW 36th Ave in Pompano Beach has been sold. The transaction took place on October 29, 2021, and the property was purchased by Joseph F. Trutwin, Constance H. Trutwin, and Joan Cook. The seller of the property was Warren Thompson. The sale price for the property was $6,828,000. The total square footage of the property is 33,820, resulting in a price per square foot of $202.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,828,000
- Square Footage: 33,820
- Price per Square Foot: $202
- Buyer: Joseph F. Trutwin, Constance H. Trutwin & Joan Cook
- Seller: Warren Thompson
- Market: Pompano Beach
- Date: October 29, 2021
This transaction involved Joseph F. Trutwin, Constance H. Trutwin, and Joan Cook as the buyers of the retail property. Warren Thompson served as the seller. The property is located in Pompano Beach. The transaction took place on October 29, 2021, with a sale price of $6,828,000. The property spans a total of 33,820 square feet, resulting in a price per square foot of $202.
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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93