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
- Property Type: Industrial
- Transaction Amount: $4,300,000
- Address: 4003 NE 6th Ave, Oakland Park
- Market: Oakland Park
- Buyer: Flying Point - Sam Genet & Zach Sohn
- Seller: Douglas Shellstrom & Melvin John Haste
- Brokers: Miguel Pinto & Jason Abitbol - APEX Capital Realty
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
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