Moe Bahr Acquires Retail Property In Oakland Park For $5M
1504 East Commercial Boulevard, Oakland Park, Florida 33334, United States
$5,000,000
$232/SF
Building Size
21,510 SF
Asset Type
Retail
Closing
Mar 17, 2022
AI
The retail property located at 1504 - 1536, 1538 E Commercial Blvd in Oakland Park has been sold for a total of $5,000,000. The transaction took place on March 18, 2022. The property spans a total area of 80,111 square feet, resulting in a price per square foot of $62. The buyer of the property is Moe Bahr, while the seller is Judith Strachman.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 1504 - 1536, 1538 E Commercial Blvd, Oakland Park
- Market: Oakland Park
- Square Footage: 80,111
- Price per Square Foot: $62
- Buyer: Moe Bahr
- Seller: Judith Strachman
The buyer was represented by Jonathan De La Rosa from Marcus & Millichap, while the seller was represented by Ron Osborne from Sperry Commercial/RJ Realty.
Players
Oakland Park Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93