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
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