Samuel N Hazen & Christopher F Wyatt Acquire Store In Pompano Beach,FL For $4.28M
2701 North State Road 7, Pompano Beach, FL, USA
$4,280,000
$856,000/SF
Building Size
5 SF
Asset Type
Retail
Closing
Oct 11, 2022
About this deal
AI
The property asset involved in this transaction is a store located at 2701 N State Road 7 in Pompano Beach, FL. The property has a total area of 5,506 square feet. The sale took place on 11/10/2022, with a selling price of $4,280,000. This translates to a price per square foot of $777.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $4,280,000
- Address: 2701 N State Road 7, Pompano Beach, FL
- Market: Pompano Beach, FL
- Buyer: Samuel N Hazen & Christopher F Wyatt
- Seller: Dan Levitin
- Square Footage: 5,506
- Price per Square Foot: $777
The buyer of this property is Samuel N Hazen & Christopher F Wyatt, represented by their respective broker. The seller in this transaction is Dan Levitin. This sale represents a significant investment in the Pompano Beach, FL market.
Players
Margate 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
3.71%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93