David Dvash Acquires Industrial Property In Oakland Park From Francesco Mutti For $1.725M
901 915 Ne 30 Ct
$1,725,000
$228/SF
Building Size
7,550 SF
Asset Type
Industrial
Closing
Jun 16, 2025
AI
The asset involved in this transaction is an industrial property located at 901-915 Northeast 30th Ct in the Oakland Park market. The property was sold for $1,725,000, encompassing a total square footage of 7,550, resulting in a price per square foot of $228.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,725,000
- Sale Price per Square Foot: $228
- Total Square Footage: 7,550
- Buyer: David Dvash
- Seller: Francesco Mutti
- Brokers: Adam H. Klein, Carter Smith & Elon Gerberg - The ROI Group - SVN Commercial Partners
- Sale Date: 6/17/2025
The transaction was facilitated by The ROI Group of SVN Commercial Partners, who achieved a record-setting price for the Oakland Park submarket by generating multiple competitive bids over the asking price from qualified buyers, ultimately closing above expectations.
Players
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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93