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
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