Iqbal Panjwani Acquires Store In Pompano Beach, FL For $4.6M
SOLD
$4,625,000
Florida
See Similar DealsRetail4,004 SF
Sold 10/04/2022
SOLD
Iqbal Panjwani Acquires Store In Pompano Beach, FL For $4.6M
4685 North State Road 7th, Pompano Beach, Florida 33067, United States
See Similar DealsRetail4,004 SF
Sold 10/04/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,155
Total Square Footage:4,004 SF
Transaction Type:Sale
A store located at 4685-4687 N State Road 7 in Pompano Beach, FL, was recently sold in a transaction on October 4, 2022. The property spans a total of 4,004 square feet and was sold for a price of $4,625,000, resulting in a price per square foot of $1,155.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $4,625,000
- Address: 4685-4687 N State Road 7, Pompano Beach, FL
- Market: Pompano Beach, FL
- Square Footage: 4,004
- Price per Square Foot: $1,155
Iqbal Panjwani purchased the property from Rafael Hernandez.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$246,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,431.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,924.86
Annual Debt Service$263,098.31
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