Oak Street Real Estate Capital Acquires Retail Property In Oakland Park For $7.3M
SOLD
$7,300,000
Florida
See Similar DealsRetail6,970 SF
Sold 11/09/2020
SOLD
Oak Street Real Estate Capital Acquires Retail Property In Oakland Park For $7.3M
3100 North Andrews Avenue, Oakland Park, FL, USA
See Similar DealsRetail6,970 SF
Sold 11/09/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,047
Total Square Footage:6,970 SF
Transaction Type:Sale
Oak Street Real Estate Capital, represented by Marc Zahr and Jim Hennessy, recently completed the purchase of a retail property located at 3100 North Andrews Avenue in Oakland Park. The property was sold by Walgreen Co. for a total price of $7,300,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,300,000
- Address: 3100 North Andrews Avenue
- Market: Oakland Park
Leading the acquisition was Oak Street Real Estate Capital, with Marc Zahr and Jim Hennessy serving as the representatives. The property, previously owned by Walgreen Co., was successfully sold in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$389,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69
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