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Mindful Capital Group Acquires Industrial Property In Oakland Park For $4.3M

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SOLD
$4,300,000

National

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Industrial46,038 SF
Sold 09/09/2022
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Property Image
SOLD

Mindful Capital Group Acquires Industrial Property In Oakland Park For $4.3M

4120 NW 10th Ave, Oakland Park, FL 33309, USA

See Similar Deals
Industrial46,038 SF
Sold 09/09/2022
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Summary

Asset Type:Industrial
Price Per Square Foot:$93
Total Square Footage:46,038 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial asset located at 4120 NW 10th Ave, Oakland Park, FL. The sale price for this asset was $4,300,000, with a total square footage of 46,038, equating to a price per square foot of $93.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $4,300,000
  • Buyer: Mindful Capital Group - Patrick Carney & Jeffrey Pechter
  • Seller: Codisco, Inc. - Donald Bauerle
  • Broker: David Wilson - Colliers

The key individuals involved in the transaction include Patrick Carney and Jeffrey Pechter representing the buyer, Mindful Capital Group, while Donald Bauerle represented the seller, Codisco, Inc. David Wilson brokered the deal for Colliers.

Players

17 deals$226M volume
BROKER

Jeffrey Pechter
12 deals$137.9M volume
BUYER

Jeffrey Pechter
12 deals$137.9M volume
BUYER

Patrick Carney
17 deals$226M volume
BUYER

SELLER

Details

SOLD
IMAGE: Jeffrey Pechter & Patrick Carney DATE: 09/09/2022 ADDRESS: 4120 NW 10th Ave MARKET: Oakland Park, FL ASSET TYPE: Industrial BUYER: Mindful Capital Group - Patrick Carney (@Carney6769) & Jeffrey Pechter (@Jeffpechter) SELLER: Codisco, Inc. - Donald Bauerle BROKER: David Wilson - Colliers SALE PRICE: $4,300,000 SF: 46,038 ~ PPSF: $93

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$229,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33