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4400 North Dixie Highway

CMS FL Holdings LLC Acquires Retail Property In Oakland Park From Richard And Eileen Otero For $1.673M
SOLDRetail

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

Clinton Casey

Broker

$6.3M

vol

3 deals

Broker

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