Nautical Ventures Marine Acquires Retail Property In Pompano Beach
1400 South Federal Highway, Pompano Beach, FL, USA
$5,500,000
$458/SF
Building Size
12,000 SF
Asset Type
Retail
Closing
Jan 13, 2021
About this deal
AI
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.
On the Map
$5,500,000
$458/SF
Retail
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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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93