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4019 Northeast 6th Avenue

Flying Point Acquires Industrial Property In Oakland Park For $1.65M
SOLDIndustrial

Flying Point Acquires Industrial Property In Oakland Park For $1.65M

4019 Northeast 6th Avenue

$1,650,000

$169/SF

Building Size

9,713 SF

Asset Type

Industrial

Closing

Jan 11, 2023

AI

The industrial property located at 4019 Northeast 6th Avenue in Oakland Park has been sold in a recent transaction. The property measures 9,713 square feet and was sold for a price of $1,650,000, resulting in a price per square foot of $170. The transaction took place on January 11, 2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,650,000
  • Address: 4019 Northeast 6th Avenue, Oakland Park
  • Square Footage: 9,713
  • Buyer: Flying Point - Sam Genet & Zach Sohn
  • Seller: Lois & Vincent Rutigliano
  • Broker: Yishai Sinai - Biscayne Advisors

The buyer of the property is Flying Point, represented by Sam Genet and Zach Sohn. The seller is Lois & Vincent Rutigliano. The transaction was facilitated by broker Yishai Sinai from Biscayne Advisors.

Players

Yishai Sinai

Biscayne Advisors

Broker

$93.5M

vol

16 deals

Broker

Sam Genet

Flying Point

Buyer

$69.5M

vol

16 deals

Buyer

Oakland Park 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

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93