Mancini & Sons Florida LLC Leases 1960 Square Feet At 1901 Green Rd In Deerfield Beach
1901 Green Rd, Pompano Beach, FL, 3...
Building Size
1,960 SF
Asset Type
Warehouse
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is located at 1901 Green Rd, Pompano Beach, FL, within the Deerfield Beach market. The property consists of a total of 1,960 square feet. It is part of the Enterprise Commerce Center, which features a total of 145,401 square feet of both small and large bay warehousing. The location offers prime access to major roadways, including I-95, Florida’s Turnpike, Sawgrass Expressway, Sample Rd., and SW 10th Ave.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1901 Green Rd, Pompano Beach, FL
- Market: Deerfield Beach
- Landlord: Mancini & Sons Florida LLC
- Landlord's Representatives: Daniel Forman - Berger Commercial Realty, Jonathan Thiel - Berger Commercial Realty/Corfac International
- Square Feet: 1,960
This transaction showcases the involvement of Daniel Forman and Jonathan Thiel, who represent Mancini & Sons Florida LLC in the leasing of space at the Enterprise Commerce Center. Notably, the recent leasing activity included deals with Keystone Automotive Operations, Inc., and Airworthy Inc., demonstrating a diverse range of tenants in the business park. Additionally, the park has reached full occupancy through these leasing efforts.
Players
Deerfield Beach Warehouse Market Snapshot
Boundary boundary · Warehouse · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93