Paulinho Ilga & Fernando Furlanetto Acquire Restaurant/Bar In Pompano Beach For $2.4M
4490 North Federal Highway, Pompano Beach, Florida 33064, United States
$2,400,000
$757/SF
Building Size
3,167 SF
Asset Type
Retail
Closing
Oct 17, 2022
About this deal
AI
The property involved in this transaction is a Restaurant/Bar located at 4490 N Federal Hwy in Pompano Beach, FL. The property has a total square footage of 3,167. The sale took place on October 18, 2022, with a selling price of $2,400,000, resulting in a price per square foot of $757.
Summary of transaction details:
- Property Type: Restaurant/Bar
- Transaction Amount: $2,400,000
- Address: 4490 N Federal Hwy, Pompano Beach, FL
- Market: Pompano Beach, FL
- Buyer: Paulinho Ilga & Fernando Furlanetto
- Seller: Jerry W. Dubois
- Square Footage: 3,167
- Price per Square Foot: $757
The buyer for this transaction was Paulinho Ilga & Fernando Furlanetto, while the seller was Jerry W. Dubois.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93