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Shawn Dickson Purchases Industrial Property At 4050 Northeast 6th Avenue For $2.8M

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SOLD
$2,800,000

Florida

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Industrial9,595 SF
Sold 10/25/2024
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Property Image
SOLD

Shawn Dickson Purchases Industrial Property At 4050 Northeast 6th Avenue For $2.8M

4050 Northeast 6th Avenue

See Similar Deals
Industrial9,595 SF
Sold 10/25/2024
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$291
Total Square Footage:9,595 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial asset located at 4050 Northeast 6th Avenue in the Oakland Park market. The sale occurred at a price of $2,800,000, encompassing a total square footage of 9,595. The price per square foot was $291.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,800,000
  • Square Footage: 9,595
  • Price per Square Foot: $291
  • Buyer: Shawn Dickson
  • Seller: Todd G. Cline
  • Buyer's Representative: Jeremiah Adler & Sarah Adler - Native Realty
  • Seller's Representative: Junior Brown - Century 21 Tenace Realty
  • Date of Transaction: 10/25/2024

This transaction involved key individuals including the buyer, Shawn Dickson, and the seller, Todd G. Cline, who were represented by their respective brokers. The buyer's representatives, Jeremiah Adler and Sarah Adler, are associated with Native Realty, while the seller's representative, Junior Brown, represents Century 21 Tenace Realty.

Players

Sarah Adler
5 deals$6.4M volume(954) 595-2999
BROKER

Jeremiah Adler
Native Realty
4 deals$6.4M volume(954) 595-2999
BROKER

Junior Brown
Century 21
1 deal$2.8M volume(561) 375-5637
BROKER

Details

SOLD
IMAGE: Jeremiah Adler, Sarah Adler & Junior Brown DATE: 10/25/2024 ADDRESS: 4050 Northeast 6th Avenue MARKET: Oakland Park ASSET TYPE: Industrial BUYER: Shawn Dickson SELLER: Todd G. Cline BUYER'S REP: Jeremiah Adler & Sarah Adler (@AdlerRealtyfl) - Native Realty (@NativeRealty) SELLER'S REP: Junior Brown (@Junior_integrity) - Century 21 Tenace Realty (@C21Tenace) SALE PRICE: $2,800,000 SF: 9,595 ~ PPSF: $291

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$149,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14