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2899 West Oakland Park Boul...

Alliance Marketing Corp. Acquires Retail Property In Oakland Park For $10.7M
SOLDRetail

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

Alex Rich

Rich Commercial Group

Broker

$21.5M

vol

3 deals

Broker
Andrew Shader

Andrew Shader

Buyer

$45.5M

vol

8 deals

Buyer

Scott Daiagi

Seller

$61.1M

vol

5 deals

Seller

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