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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 Commercial Real Estate Advisors

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