Marcus & Millichap Brokers Facilitate $2.3M Pompano Beach Retail Property
SOLD
$2,300,000
Florida
See Similar DealsRetail832 SF
Sold
SOLD
Marcus & Millichap Brokers Facilitate $2.3M Pompano Beach Retail Property
1401 SW 26th Ave
See Similar DealsRetail832 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$2764
Total Square Footage:832 SF
Transaction Type:Sale
The property at 1401 Southwest 26th Avenue in Pompano Beach, a retail asset, was successfully sold. The transaction took place on 04/26/2024, with Paul Fazio acquiring the property from Don Hinkle. The sale price was $2,300,000 for a total square footage of 832, resulting in a price per square foot of $2,764.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Address: 1401 Southwest 26th Avenue, Pompano Beach
- Market: Pompano Beach
- Buyer: Paul Fazio
- Seller: Don Hinkle
The deal at 1401 Southwest 26th Avenue was facilitated by the brokerage team from Marcus & Millichap, comprising Jonathan De LaRosa, Matthew Albregts, and Jim Shiebler. These professionals played a key role in successfully closing the transaction between the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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