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4050 Northeast 6th Avenue

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

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

4050 Northeast 6th Avenue

$2,800,000

$291/SF

Building Size

9,595 SF

Asset Type

Industrial

Closing

Oct 25, 2024

AI

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

Native Realty

Broker

$6.4M

vol

5 deals

Broker

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93