ConnectOne Bank Provides $1.6M Acquisition Loan For Industrial Property In Oakland Park
FINANCED
$1,597,500
Florida
See Similar DealsIndustrial14,183 SF
Financed 07/06/2022
FINANCED
ConnectOne Bank Provides $1.6M Acquisition Loan For Industrial Property In Oakland Park
4050 Northeast 5th Avenue
See Similar DealsIndustrial14,183 SF
Financed 07/06/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$112
Total Square Footage:14,183 SF
Transaction Type:Loan
The transaction involved an industrial property comprising 14,183 square feet located at 4050 NE 5th Ave & 548 NE 42nd St in the Oakland Park market. The acquisition loan amount secured for this property was $1,597,500.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,597,500
- Lender: ConnectOne Bank
- Broker: Alec Feintuch - Leviathan Capital
- Loan Type: Acquisition
Alec Feintuch represented the broker in this transaction, facilitating the acquisition of the property through the loan arrangement with ConnectOne Bank.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,597,500.00
Monthly NOI$10,650.00
Monthly Debt Service$10,097.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions