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
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