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
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