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Flying Point Acquires Industrial Asset In Oakland Park For $7 Million With Yishai Sinai As Buyer's Rep

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SOLD
$7,000,000
Zach Sohn
+ 1

Florida

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Industrial45,201 SF
Sold 08/06/2025
the dealplayerscompscontact
Property Image
SOLD

Flying Point Acquires Industrial Asset In Oakland Park For $7 Million With Yishai Sinai As Buyer's Rep

859 Northeast 42nd Street

See Similar Deals
Industrial45,201 SF
Sold 08/06/2025
Zach Sohn
+ 1
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$154
Total Square Footage:45,201 SF
Transaction Type:Sale

The property asset consists of multiple industrial and IOS locations at 841 Northeast 42nd Street, 859 Northeast 42nd Street, 4461 North Dixie Highway, 4463 North Dixie Highway, and 4465 North Dixie Highway, situated in the Oakland Park market. The sale price for the transaction was $7,000,000, with a building size of 45,201 square feet and a lot size totaling 116,995 square feet. The building price per square foot stands at $154, while the lot price per square foot is $60.

Summary of transaction details:

  • Property Type: Industrial & IOS
  • Transaction Amount: $7,000,000
  • Building Size: 45,201 SF
  • Building PPSF: $154
  • Lot Size: 116,995 SF
  • Lot PPSF: $60
  • Buyer: Flying Point – Sam Genet & Zach Sohn
  • Seller: Ronnie Leigh Martin 2023 Irrevocable Gifting Trust
  • Buyer's Representative: Yishai Sinai - Biscayne Advisors
  • Seller's Representative: Kyle Bruening - Compass

Key individuals involved in the transaction include buyers Sam Genet and Zach Sohn, representing Flying Point. The seller, Ronnie Leigh Martin, is represented by Kyle Bruening from Compass. The transaction reflects significant involvement from both the buyer's and seller's representatives, indicating a well-coordinated process behind the sale.

Players

Yishai Sinai
16 deals$93.5M volume(305) 707-1646
BROKER

Kyle Bruening
Compass
1 deal$7M volume(954) 224-1413
BROKER

Compass
BROKERAGE



Zach Sohn
Flying Point
14 deals$58.9M volume
BUYER

Details

SOLD
IMAGE: Yishai Sinai DATE: 08/07/2025 ADDRESS: 841 Northeast 42nd Street, 859 Northeast 42nd Street, 4461 North Dixie Highway, 4463 North Dixie Highway & 4465 North Dixie Highway MARKET: Oakland Park ASSET TYPE: Industrial & IOS BUYER: Flying Point (@FlyingPointRE) – Sam Genet & Zach Sohn SELLER: Ronnie Leigh Martin 2023 Irrevocable Gifting Trust BUYER'S REP: Yishai Sinai - Biscayne Advisors (@BiscayneAdvisors) SELLER'S REP: Kyle Bruening - Compass (@Compass) SALE PRICE: $7,000,000 BUILDING SIZE: 45,201 ~ BUILDING PPSF: $154 LOT SIZE: 116,995 SF ~ LOT PPSF $60

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
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