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1981 N Powerline Rd, Pompan...

Tom Viscount Of Avison Young Represents Tenant In Warehouse Lease In Pompano Beach
LEASEDWarehouse

Tom Viscount Of Avison Young Represents Tenant In Warehouse Lease In Pompano Beach

1981 N Powerline Rd, Pompano Beach...

Building Size

50,570 SF

Asset Type

Warehouse

Closing

Jul 27, 2022

AI

The property at 1981 N Powerline Rd in Pompano Beach is a warehouse spanning 50,570 square feet. This asset was recently leased on July 27, 2022. The landlord of this warehouse is Morgan Stanley, with Tom Viscount from Avison Young serving as the tenant's representative.

Summary of transaction details:

  • Property Type: Warehouse
  • Transaction Amount: Not provided
  • Address: 1981 N Powerline Rd, Pompano Beach
  • Market: Pompano Beach
  • Tenant's Rep: Tom Viscount (Avison Young)
  • Landlord: Morgan Stanley
  • Square Feet: 50,570

The lease transaction involving the warehouse at 1981 N Powerline Rd was facilitated by Tom Viscount from Avison Young representing the tenant, in negotiations with the landlord, Morgan Stanley.

Players

Thomas Viscount

Savills

Broker

$14.2M

vol

8 deals

Broker
Morgan Stanley
Morgan Stanley Lender

Pompano 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