Flying Point Acquires Industrial Property In Oakland Park For $2.13M
4050 Northeast 5th Avenue, Oakland Park, Florida 33334, United States
$2,130,000
$150/SF
Building Size
14,183 SF
Asset Type
Industrial
Closing
Jun 6, 2022
AI
A 14,183 SF industrial property located at 4050 NE 5th Ave & 548 NE 42nd St in Oakland Park, was recently sold for $2,130,000. The property is situated on a 24,865 SF lot. The sale took place on 06/07/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,130,000
- Building Size: 14,183 SF
- Price per Square Foot: $150
- Lot Size: 24,865 SF
- Market: Oakland Park
Flying Point, represented by Sam Genet & Zach Sohn, purchased the property from Dan Quade & Melvin John Haste. The buyer was advised by Yishai Sinai from Biscayne Advisors, while Miguel Pinto & Jason Abitbol from APEX Capital Realty represented the sellers in the deal.
Players
Oakland Park Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.45%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93