David M. Reynolds & Stuart E. Weidie Acquire Retail Property In Pompano Beach For $4M
3101 North State Road 7, Pompano Beach, FL, USA
$4,000,000
$468/SF
Building Size
8,544 SF
Asset Type
Retail
Closing
Jul 22, 2021
About this deal
AI
The retail property located at 3101 N State Road 7 in Pompano Beach has been sold in a recent transaction. The property spans across 8,544 square feet and was sold for a price of $4,000,000, resulting in a price per square foot of $468.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,000,000
- Address: 3101 N State Road 7
- Market: Pompano Beach
The buyer of the property is David M. Reynolds & Stuart E. Weidie, while the seller is 3101 N Sr7 LLC and Le-Psl LLC.
Players
Coral Springs 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93