James Hennessey & Marc Zahr Acquire Store On Coconut Creek Pkwy For $6.8M
4600 Coconut Creek Pkwy, Pompano Beach, Florida, USA
$6,825,000
$399/SF
Building Size
17,072 SF
Asset Type
Retail
Closing
Sep 15, 2021
AI
The property involved in this transaction is a store located at 4600 Coconut Creek Pkwy in Pompano Beach, FL. The property spans 17,072 square feet and was sold on September 16, 2021 for a price of $6,825,000. The price per square foot was $400.
Summary of transaction details:
- Property Type: Store
- Transaction Amount: $6,825,000
- Address: 4600 Coconut Creek Pkwy, Pompano Beach, FL
- Market: Pompano Beach, FL
- Square Footage: 17,072
- Price per Square Foot: $400
The buyers in this transaction were James Hennessey and Marc Zahr. They purchased the property from the sellers, John Standley and Todd Heckman.
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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93