Marcus & Millichap Brokers Facilitate $2.3M Pompano Beach Retail Property
1401 SW 26th Ave
$2,300,000
$2,764/SF
Building Size
832 SF
Asset Type
Retail
Closing
Apr 26, 2024
AI
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.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93