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.
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