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3599 North Federal Highway,...

Barlington Group Acquires Retail Property In Oakland Park For $7.5M
SOLDRetail

Barlington Group Acquires Retail Property In Oakland Park For $7.5M

3599 North Federal Highway, Oakland Park, FL, USA

$7,500,000

$278/SF

Building Size

26,913 SF

Asset Type

Retail

Closing

Sep 29, 2021

AI

An retail property located at 3599 North Federal Highway in Oakland Park has been sold for $7,500,000. The property spans 26,913 square feet, resulting in a price per square foot of $278. The sale took place on September 29, 2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,500,000
  • Address: 3599 North Federal Highway
  • Market: Oakland Park
  • Square Footage: 26,913

The buyer of the property is Bill Fuller, representing the Barlington Group. Larry Gautier from NAI Miami acted as the buyer's representative in the deal. Andrew Cagnetta from Transworld Business Advisors acted as the seller's representative.

Players

Larry Gautier

NAI Global

Broker

$7.5M

vol

1 deal

Broker

Bill Fuller

Barlington Group

Buyer

$89.9M

vol

9 deals

Buyer

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

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93