facebook
Traded Co logo
Submit

Eric Shulman & Joe Spicer Acquire Retail Property In Oakland Park For $4.1M

Property Image
SOLD
$4,100,000
Elon Gerberg
Adam H. Klein
+ 1

Florida

See Similar Deals
Retail40,000 SF
Sold 01/09/2024
the dealplayerscompscontact
Property Image
SOLD

Eric Shulman & Joe Spicer Acquire Retail Property In Oakland Park For $4.1M

2300 West Oakland Park Boulevard & 2350 West Oakland Park Boulevard

See Similar Deals
Retail40,000 SF
Sold 01/09/2024
Elon Gerberg
Adam H. Klein
+ 1
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$102
Total Square Footage:40,000 SF
Transaction Type:Sale

The retail property located at 2300-2350 West Oakland Park Boulevard in Oakland Park has been sold for a price of $4,100,000. The property spans a total area of 20,000 square feet, resulting in a price per square foot of $205. The transaction corresponds to a capitalization rate of 3.43%. The buyer of the property is Eric Shulman and Joe Spicer, while the seller is Marc Matut.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,100,000
  • Address: 2300-2350 West Oakland Park Boulevard
  • Market: Oakland Park

The sale of the property was facilitated by Elon Gerberg, Adam H. Klein, and Cleveland Sainpreux of SVN acting as representatives for the seller. The deal attracted significant interest, with 7 offers received within a span of 21 days from the start of the marketing process. For more information, interested parties can contact the ROI Group at SVN. Additionally, Elon Gerberg, Adam H. Klein, and Cleveland Sainpreux can be reached via email or phone.

Players

Adam H. Klein
38 deals$129.8M volume(516) 445-3070
BROKER

Elon Gerberg
39 deals$144.2M volume(954) 299-9556
BROKER

Cleveland Sainpreux
SVN
11 deals$28.9M volume(954) 661-4170
BROKER

Details

SOLD
IMAGE: Adam H. Klein, Joe Spicer, Elon Gerberg, Eric Shulman & Cleveland Sainpreux DATE: 01/09/2024 ADDRESS: 2300-2350 West Oakland Park Boulevard MARKET: Oakland Park ASSET TYPE: Retail BUYER: Flying Horse Investments (FHI), Eric Shulman (@ejshulman) and Joe Spicer (@rjspicer3) SELLER: Marc Matut SELLER'S REP: Elon Gerberg (@EDGofROI), Adam H. Klein (@AdamhKlein.Roigroup) & Cleveland Sainpreux (@Clevelandsainpreux) - SVN (@SVN_CommercialPartners) SALE PRICE: $4,100,000 SF: 20,000 ~ PPSF: $205 CAP RATE: 3.43% NOTE FROM SELLER'S REP: Fielded 7-offers within 21-days of going to market. Contact the ROI Group at SVN for more information. Elon Gerberg ([email protected], 561.485.1129), Adam H. Klein ([email protected], 516.445.3070), Cleveland Sainpreux ([email protected], 561.485.1655),. Follow the ROI Group of SVN (@ROIGroupofSVN) for exclusively listed inventory and Commercial Real Estate Sales Tips and Strategy at http://linktree.com/ROIGroupofSVN NOTE FROM BUYER: FHI plans for a full renovation of the shopping center

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$218,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10