Updated Oct 28, 2024
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
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93