Updated Oct 29, 2024
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
About this deal
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.
On the Map
$1,650,000
$169/SF
Industrial
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Players
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