Mindful Capital Acquires Industrial Property In Oakland Park For $17.85M
SOLD
$17,850,000
Florida
See Similar DealsIndustrial145,154 SF
Sold 07/15/2020
SOLD
Mindful Capital Acquires Industrial Property In Oakland Park For $17.85M
3600 Northeast 4th Avenue, Oakland Park, FL, USA
See Similar DealsIndustrial145,154 SF
Sold 07/15/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$123
Total Square Footage:145,154 SF
Transaction Type:Sale
Located at 3600 NE 4th Avenue in Oakland Park, this industrial property was recently sold in a closed transaction. The property spans a total area of 145,154 square feet, with a sale price of $17,850,000, resulting in a price per square foot of $122.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $17,850,000
- Date: 07/15/2021
- Buyer: Mindful Capital - Jeffrey Pechter & Patrick Carney
- Broker: Shane Decker - One Commercial
The buyer in this transaction is Mindful Capital with Jeffrey Pechter and Patrick Carney as the representatives. The deal was facilitated by broker Shane Decker from One Commercial.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$952,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,417.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$84,618.11
Annual Debt Service$1,015,417.28
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