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4600 Northeast 11th Avenue,...

Updated Oct 28, 2024

N&G Investments Sells Industrial Property In Oakland Park For $5.2M
SOLDIndustrial

N&G Investments Sells Industrial Property In Oakland Park For $5.2M

4600 Northeast 11th Avenue, Oakland Park, Florida 33334, United States

$5,200,000

$200/SF

Building Size

25,969 SF

Asset Type

Industrial

Closing

Feb 6, 2022

About this deal

AI

An industrial property located at 4600 NE 11th Ave in Oakland Park was recently sold for a price of $5,200,000. The property encompasses a total space of 25,969 square feet, resulting in a price per square foot of $200. This off-market transaction was facilitated by Jason Abitbol, Adriano Salucci, and Miguel Pinto of APEX Capital Realty, who represented both the buyer and the seller. The deal was successfully closed within a month of the contract execution.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $5,200,000
  • Address: 4600 NE 11th Ave, Oakland Park
  • Market: Oakland Park
  • Square Footage: 25,969
  • Price Per Square Foot: $200

This transaction was handled by Jason Abitbol, Adriano Salucci, and Miguel Pinto of APEX Capital Realty, who are known for sourcing off-market small bay warehouses. The property at 4600 NE 11th Ave stands out as one of the top-quality small bay warehouse assets in Oakland Park. For more information on similar off-market properties, interested parties can reach out to APEX Capital Realty.

Players

Miguel Pinto

APEX Capital Realty

Broker

$330.5M

vol

50 deals

Broker

Oakland Park Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $200 per square foot on a published $5.2M for 25,969 square feet (2022).

Visit Adriano Salucci to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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