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1901 Green Rd, Pompano Beac...

Mancini & Sons Florida LLC Leases 1960 Square Feet At 1901 Green Rd In Deerfield Beach
LEASEDWarehouse

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

Jonathan Thiel

Berger Commercial Realty

Broker

$20.9M

vol

12 deals

Broker
ML
Mancini & Sons Florida #2, LLCLandlord

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