Updated Oct 28, 2024
Genet Property Group Acquires Industrial Property In Oakland Park For $2.45M
3181 Northeast 5th Avenue, Oakland Park, Florida 33334, United States
$2,450,000
$181/SF
Building Size
13,515 SF
Asset Type
Industrial
Closing
Dec 27, 2021
About this deal
AI
The industrial property located at 3161-3181 NE 5 Avenue in Oakland Park has been sold for a transaction amount of $2,450,000. The property spans across 13,515 square feet, resulting in a price per square foot of $181.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,450,000
- Address: 3161-3181 NE 5 Avenue, Oakland Park
- Market: Oakland Park
The buyer in this transaction was Genet Property Group, and the seller was GPC Oakland Park LLC. The deal was facilitated by Jordan Beck from Berger Commercial Realty/Corfac International.
Players
Oakland Park Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93