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740 Northeast 45th Street

Michael Allora Purchases Industrial Property From Scott Thompson In Oakland Park For $6.4M
SOLDIndustrial

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

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:

Anthony Mamann represented the seller, Scott Thompson, throughout the transaction. This sale reflects ongoing activity in the industrial market segment within Oakland Park.

Players

Anthony Mamann

LRM CREA

Broker

$45.7M

vol

9 deals

Broker

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