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1504 East Commercial Boulev...

Moe Bahr Acquires Retail Property In Oakland Park For $5M
SOLDRetail

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

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker

Oakland Park Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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