Omar Abdulhay Bou Hamdan Acquires Store In Pompano Beach, FL For $2.7M
1743 State Road 7, Pompano Beach, Florida 33319, United States
$2,725,000
$194/SF
Building Size
14,005 SF
Asset Type
Retail
Closing
Apr 5, 2022
About this deal
AI
The property involved in this closed transaction is a store located at 1703-1743 N State Road 7 in Pompano Beach, FL. The sale took place on 4/6/2022. The property spans 14,005 square feet and was sold for a price of $2,725,000, resulting in a price per square foot of $195. The buyer of this property is Omar Abdulhay Bou Hamdan, while Lynn R. Frazier & Michael Frazier served as the sellers.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $2,725,000
- Square Footage: 14,005
- Price per Square Foot: $195
- Address: 1703-1743 N State Road 7, Pompano Beach, FL
Omar Abdulhay Bou Hamdan represented himself as the buyer in this transaction, while Lynn R. Frazier & Michael Frazier served as the sellers.
Players
Fort Lauderdale 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
5.82%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93