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
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