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3560 NW 10th Ave, Oakland P...

Level II Northwest LLC Acquires Industrial Building In Oakland Park For $1.82M
SOLDIndustrial

Level II Northwest LLC Acquires Industrial Building In Oakland Park For $1.82M

3560 NW 10th Ave, Oakland Park, Florida 33309, United States

$1,820,000

$200/SF

Building Size

9,100 SF

Asset Type

Industrial

Closing

Oct 23, 2022

AI

An industrial property located at 3560-3570 NW 10th Avenue in Oakland Park has been sold for $1,820,000. The property spans 9,100 square feet, resulting in a price per square foot of $200. The transaction took place on October 24, 2022. The property was purchased by Level II Northwest LLC from Ronald J. & Margaret W. Demars. The buyer was represented by Luisa Nicholls from Keller Williams Capital, while the seller was represented by Franklin B. Morrison from Weaver Morrison Commercial Real Estate.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,820,000
  • Square Footage: 9,100
  • Price per Square Foot: $200
  • Address: 3560-3570 NW 10th Avenue, Oakland Park
  • Market: Oakland Park

Luisa Nicholls from Keller Williams Capital represented Level II Northwest LLC in the purchase of the property, while Franklin B. Morrison from Weaver Morrison Commercial Real Estate represented Ronald J. & Margaret W. Demars, the sellers.

Players

Franklin Morrison

Weaver Morrison Commercial Real

Broker

$11.3M

vol

4 deals

Broker

Fort Lauderdale 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

8.72%

Cash-on-Cash

-2.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93