Iqbal Panjwani Acquires Store In Pompano Beach, FL For $4.6M
4685 North State Road 7th, Pompano Beach, Florida 33067, United States
$4,625,000
$1,155/SF
Building Size
4,004 SF
Asset Type
Retail
Closing
Oct 3, 2022
AI
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.
Coconut Creek 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
3.43%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93