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1401 SW 26th Ave

Marcus & Millichap Brokers Facilitate $2.3M Pompano Beach Retail Property
SOLDRetail

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

Jim Shiebler

CBRE

Broker

$139.9M

vol

20 deals

Broker

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