SOLDRetail
Marlene Vares Acquires Angel Flower Plaza Retail Center In Oakland Park For $1.4M
3901 North Andrews Avenue
$1,400,000
$161/SF
Building Size
8,694 SF
Asset Type
Retail
Closing
Aug 24, 2026
About this deal
AI
The property asset involved in this transaction is a multi-tenant retail strip center located at 3901 North Andrews Avenue in Oakland Park, FL. It consists of 8,694 square feet and was sold for $1,400,000, which equates to a price per square foot of $161.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,400,000
- Address: 3901 North Andrews Avenue
- Market: Oakland Park
- Square Footage: 8,694
- Price Per Square Foot: $161
- Buyer: Marlene Vares
- Seller: Eli Goldstein
- Seller's Representative: Cleveland Sainpreux - Triumphant Commercial Group
Cleveland Sainpreux from Triumphant Commercial Group represented the seller, Eli Goldstein, in this deal. The marketing campaign for the property generated 93 executed confidentiality agreements and resulted in 17 offers. Despite challenges such as deferred maintenance and open code violations, the property went under contract and successfully closed within 30 days.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93