Nautical Ventures Marine Acquires Retail Property In Pompano Beach
SOLD
$5,500,000
Florida
See Similar DealsRetail12,000 SF
Sold 01/14/2021
SOLD
Nautical Ventures Marine Acquires Retail Property In Pompano Beach
1400 South Federal Highway, Pompano Beach, FL, USA
See Similar DealsRetail12,000 SF
Sold 01/14/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$458
Total Square Footage:12,000 SF
Transaction Type:Sale
Located at 1400 South Federal Highway in Pompano Beach, this retail property was recently sold in a closed transaction. The property spans 12,000 square feet, with a price per square foot of $458. The sale took place on January 14, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,500,000
- Address: 1400 South Federal Highway
- Market: Pompano Beach
The buyer in this transaction was Nautical Ventures Marine, represented by Roger Moore. On the other hand, the seller was Holman Automotive, represented by Brian Bates. The deal was facilitated by brokers Keith R. Graves and Stephen Hyatt from Berger Commercial Realty/Corfac International.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
Is there something missing? Send suggestions