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4003 Northeast 6th Avenue, ...

Flying Point Acquires Industrial Property In Oakland Park For $4.3M
SOLDIndustrial

Flying Point Acquires Industrial Property In Oakland Park For $4.3M

4003 Northeast 6th Avenue, Oakland Park, Florida 33334, United States

$4,300,000

$93/SF

Building Size

45,863 SF

Asset Type

Industrial

Closing

Jan 26, 2022

AI

Located at 4003 NE 6th Ave in Oakland Park, this industrial property was recently sold in a closed transaction. The property spans a total of 45,863 square feet and was sold for a price of $4,300,000, resulting in a price per square foot of $94.

Summary of transaction details

The buyer in this transaction is Flying Point, represented by Sam Genet and Zach Sohn. On the other hand, the seller is Douglas Shellstrom and Melvin John Haste. The deal was facilitated by Miguel Pinto and Jason Abitbol from APEX Capital Realty, who represented their respective clients throughout the transaction.

Players

Miguel Pinto

APEX Capital Realty

Broker

$330.5M

vol

50 deals

Broker

Sam Genet

Flying Point

Buyer

$69.5M

vol

16 deals

Buyer

Melvin John Haste

Seller

$6.4M

vol

2 deals

Seller

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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93