Michael Allora Purchases Industrial Property From Scott Thompson In Oakland Park For $6.4M
SOLD
$6,400,000
Florida
See Similar DealsIndustrial28,036 SF
Sold 05/05/2025
SOLD
Michael Allora Purchases Industrial Property From Scott Thompson In Oakland Park For $6.4M
740 Northeast 45th Street
See Similar DealsIndustrial28,036 SF
Sold 05/05/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$228
Total Square Footage:28,036 SF
Transaction Type:Sale
This industrial asset, located at 740 Northeast 45th Street in Oakland Park, was sold for $6,400,000. The property comprises 28,036 square feet, resulting in a price per square foot of $228.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,400,000
- Buyer: Michael Allora
- Seller: Scott Thompson
- Broker: Anthony Mamann - LRM CREA
Anthony Mamann represented the seller, Scott Thompson, throughout the transaction. This sale reflects ongoing activity in the industrial market segment within Oakland Park.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$341,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18
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