ZUMRO Air Shelter Systems Signs Lease Renewal At 650 Southwest 16th Terrace For $16/ft
650 Southwest 16th Terrace
$16
$16/SF
Building Size
38,458 SF
Asset Type
Warehouse
Closing
Sep 15, 2026
About this deal
AI
This lease transaction involves a warehouse located at 650 Southwest 16th Terrace in Pompano Beach. The asking rent for the property is $16 per square foot, covering a total space of 38,458 square feet. The asset is positioned in a market known for its established industrial submarkets and central location, providing access to major transportation corridors.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $16/ft
- Square Footage: 38,458
- Address: 650 Southwest 16th Terrace
- Market: Pompano Beach
- Landlord: Equus Capital Partners
- Tenant: ZUMRO Air Shelter Systems
- Tenant's Representatives: Steve Medwin, Nick Wigoda, and Eli Havlik - Stream Realty Partners
- Lease Type: Other
Stream Realty Partners' representatives, Nick Wigoda, Steve Medwin, and Eli Havlik, facilitated this lease renewal, reinforcing the long-term commitment of ZUMRO Air Shelter Systems in Pompano Business Park. The transaction highlights the ongoing demand for industrial space in Broward County, leveraging the favorable location attributes within the region.
On the Map
$16
$16/SF
Warehouse
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Players
Pompano Beach Warehouse Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
991437.50%
Cash-on-Cash
-283355.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93