Oak Street Real Estate Capital Acquires Retail Property In Oakland Park For $7.3M
3100 North Andrews Avenue, Oakland Park, FL, USA
$7,300,000
$1,047/SF
Building Size
6,970 SF
Asset Type
Retail
Closing
Nov 8, 2020
About this deal
AI
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.
On the Map
$7,300,000
$1,047/SF
Retail
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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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93