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Mindful Capital Group Acquires Industrial Property In Oakland Park For $4.3M, With David Wilson As Broker - Colliers

Property Image
SOLD
$4,300,000

Florida

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Industrial46,038 SF
Sold 09/09/2022
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Property Image
SOLD

Mindful Capital Group Acquires Industrial Property In Oakland Park For $4.3M, With David Wilson As Broker - Colliers

4120 Northwest 10th Avenue, Oakland Park, Florida 33309, United States

See Similar Deals
Industrial46,038 SF
Sold 09/09/2022
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$93
Total Square Footage:46,038 SF
Transaction Type:Sale

The property located at 4120 NW 10th Ave in Oakland Park, FL, is an industrial asset that recently underwent a sale transaction. The total sale price reached $4,300,000, encompassing a substantial square footage of 46,038, translating to a price per square foot of $93.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,300,000
  • Buyer: Mindful Capital Group - Patrick Carney & Jeffrey Pechter
  • Seller: Codisco, Inc. - Donald Bauerle
  • Broker: David Wilson - Colliers

This transaction involved key individuals, including Patrick Carney and Jeffrey Pechter representing the buyer, Mindful Capital Group, while Donald Bauerle represented the seller, Codisco, Inc. The deal was facilitated by broker David Wilson from Colliers.

Players

David Wilson
3 deals$78.1M volume
BROKER

Patrick Carney
17 deals$226M volume
BROKER

Jeffrey Pechter
12 deals$137.9M volume
BUYER

Jeffrey Pechter
12 deals$137.9M volume
BUYER

Patrick Carney
17 deals$226M volume
BUYER

SELLER

Details

SOLD
IMAGE: Jeffrey Pechter & Patrick Carney DATE: 09/09/2022 ADDRESS: 4120 NW 10th Ave MARKET: Oakland Park, FL ASSET TYPE: Industrial BUYER: Mindful Capital Group - Patrick Carney (@Carney6769) & Jeffrey Pechter (@Jeffpechter) SELLER: Codisco, Inc. - Donald Bauerle BROKER: David Wilson - Colliers SALE PRICE: $4,300,000 SF: 46,038 ~ PPSF: $93

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

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33