Hudson Capital Group & Barron Commercial Development Acquire Oakland Park Retail For $10M
830 East Oakland Park Boulevard, Oakland Park, FL, USA
$10,000,000
$193/SF
Building Size
51,594 SF
Asset Type
Retail
Closing
Jun 9, 2021
About this deal
AI
830 & 840 East Oakland Park Boulevard in Oakland Park has been sold for $10,000,000. The retail property spans 51,594 square feet and is situated on a 4-acre lot. The price per square foot is $194, and the price per acre is $2,500,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,000,000
- Address: 830 & 840 East Oakland Park Boulevard
- Market: Oakland Park
- Square Footage: 51,594
- Price Per Square Foot: $194
- Lot Size: 4 acres
- Price Per Acre: $2,500,000
The buyer of the property is Steven Hudson of Hudson Capital Group and Charles Ladd Jr. of Barron Commercial Development. The seller is ATID Investments, represented by Amos Chess.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93