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

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SOLD
$1,673,000

Florida

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Retail4,692 SF
Sold 08/01/2025
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SOLD

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

4400 North Dixie Highway

See Similar Deals
Retail4,692 SF
Sold 08/01/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$356
Total Square Footage:4,692 SF
Transaction Type:Sale

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
Clinton Casey
3 deals$6.3M volume
BROKER

Details

SOLD
IMAGE: Clinton Casey DATE: 08/01/2025 ADDRESS: 4400 North Dixie Highway MARKET: Oakland Park ASSET TYPE: Retail ~ ACRES: 0.34 BUYER: CMS FL Holdings, LLC SELLER: Richard & Eileen Otero BROKER: Clinton Casey - The Rotella Group (@Rotella_Group) SALE PRICE: $1,673,000 SF: 4,692 ~ PPSF: $357 NOTE: CMS FL Holdings LLC bought a 4,692-SF retail property at 4400 N. Dixie Hwy. in Oakland Park from Richard and Eileen Otero for $1.673M ($356.56 PSF). Clinton Casey of The Rotella Group represented the buyer in the sale of the 1987-built multi-tenant building on 0.34 acres zoned B-3.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,943.81
Cash-on-Cash Return-1.27%
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