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

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.