Steven Hudson And Charles Ladd Jr. Acquire Retail Property In Oakland Park For $23.4M
16855 Northeast 2nd Avenue, Oakland Park, FL, USA
$23,400,000
$155/SF
Building Size
150,537 SF
Asset Type
Retail
Closing
Jun 2, 2020
About this deal
AI
The retail property located at 3400-3570 North Andrews Avenue in Oakland Park has been sold. The property spans 150,537 square feet and is situated on 14.5 acres. The sale price for this transaction was $23,400,000, resulting in a price per square foot of $155. The buyer in this deal is Steven Hudson from Hudson Capital Group and Charles Ladd Jr. from Amera Corp. On the other side, the seller is Sela LLC, represented by Amos Chess.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,400,000
- Square Footage: 150,537
- Price per Square Foot: $155
- Acres: 14.5
Steven Hudson from Hudson Capital Group and Charles Ladd Jr. from Amera Corp were the key individuals behind the acquisition of this retail property in Oakland Park. They successfully closed the deal with Sela LLC, represented by Amos Chess as their broker representative.
Players
Oakland Park 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93