CMS FL Holdings LLC Acquires Retail Property In Oakland Park From Richard And Eileen Otero For $1.673M
4400 North Dixie Highway
$1,673,000
$356/SF
Building Size
4,692 SF
Asset Type
Retail
Closing
Aug 1, 2025
AI
A retail property located at 4400 North Dixie Highway in Oakland Park was sold for $1,673,000. The asset spans 4,692 square feet and sits on 0.34 acres, designated for B-3 zoning. The transaction reflects a price per square foot of $356.56.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,673,000
- Buyer: CMS FL Holdings, LLC
- Seller: Richard & Eileen Otero
- Broker: Clinton Casey - The Rotella Group
- Square Footage: 4,692
- Price per Square Foot: $356.56
- Acres: 0.34
- Market: Oakland Park
- Year Built: 1987
Clinton Casey represented the buyer, CMS FL Holdings, LLC, in this transaction, facilitating the sale of the multi-tenant building. This property was transferred from sellers Richard and Eileen Otero.
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
9.48%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93