Alliance Marketing Corp. Acquires Retail Property In Oakland Park For $10.7M
2899 West Oakland Park Boulevard, Oakland Park, FL, USA
$10,700,000
$109/SF
Building Size
97,418 SF
Asset Type
Retail
Closing
Feb 18, 2021
AI
The retail property located at 2899-2901 West Oakland Park Boulevard in Oakland Park has been sold for $10,700,000. Spanning 97,418 square feet, the property is situated on approximately 11.5 acres. The sale price equates to a price per square foot of $110. The transaction took place on February 19, 2021. The buyer, Alliance Marketing Corp., was represented by Andrew & Corey Shader. The seller, Country Wide Mortgage Funding LLC, was represented by Scott Daiagi. The broker involved in the deal was Alex Rich from Rich Commercial Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,700,000
- Address: 2899-2901 West Oakland Park Boulevard
- Market: Oakland Park
- Square Footage: 97,418
- Price per Square Foot: $110
- Acres: 11.5
The sale of this retail property was facilitated by Alex Rich of Rich Commercial Group. The buyers, Andrew & Corey Shader from Alliance Marketing Corp., successfully acquired the property from the seller, Scott Daiagi of Country Wide Mortgage Funding LLC. It is notable that this transaction took place in the Oakland Park market on February 19, 2021.
Players
Fort Lauderdale 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93