Phillips Edison & Company Acquires Retail Plaza In Pompano Beach For $16.4M
1400 South Powerline Road
$16,400,000
$356/SF
Building Size
46,034 SF
Asset Type
Retail
Closing
Oct 27, 2026
About this deal
AI
The retail property located at 1400 South Powerline Road in Pompano Beach has a sale price of $16,400,000. It encompasses a total square footage of 46,034 and is priced at $356 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,400,000
- Buyer: Phillips Edison & Company
- Seller: Michael Cosculluela & Dan Marzano
- Brokers: Elon Gerberg, Adam H. Klein & Nick Hrycyna - Vision Real Estate Advisors
- Cap Rate: 6.35%
- Market: Pompano Beach
This transaction attracted significant interest from a range of buyers, including private investors and institutional capital. The plaza benefits from a strong tenant mix and proximity to The Pomp, a large-scale development that is expected to influence future tenant upgrades and rent increases. Special thanks were extended to Navin Srinivasan and Bryce Dukeshire at Phillips Edison & Company, as well as to the sellers for their trust in the process.
On the Map
$16,400,000
$356/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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93