Updated May 12, 2025
Michael Allora Purchases Industrial Property From Scott Thompson In Oakland Park For $6.4M
740 Northeast 45th Street
$6,400,000
$228/SF
Building Size
28,036 SF
Asset Type
Industrial
Closing
May 4, 2025
About this deal
AI
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.
On the Map
$6,400,000
$228/SF
Industrial
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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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93